Anchorage has officially released its inaugural independent attestation report for USAT, confirming that the stablecoin is backed by $17.6 million in reserves. The attestation, conducted by a third-party accounting firm, verifies that the circulating supply of USAT is fully collateralized by cash and cash equivalents held in Anchorage’s custody. This disclosure is intended to provide increased transparency and bolster investor confidence in the digital asset’s peg and overall solvency. The move follows a growing industry-wide push for more rigorous financial reporting and regular audits of stablecoin reserves to ensure market stability and regulatory compliance.
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