Tether’s USA₮ supply grew nearly 540% month-over-month.
According to an attestation on Thursday, the number of redeemable tokens increased sixfold to over 140 million USAT in April from about 22 million tokens in March. The total reserve balance grew alongside this supply to hit $141,178,400, indicating a $327,450 reserve surplus relative to the number of outstanding tokens.
"The April report shows regulated digital dollar adoption accelerating at exactly the moment U.S. policy is beginning to catch up with market demand," Tether CEO Paolo Ardoino said. "USA₮ redeemable tokens outstanding increased nearly 540% month-over-month, with reserves growing alongside issuance.
"As stablecoin rules become clearer, institutions are going to look for digital dollars that combine scale, supervised issuance, and transparent reserve reporting," Ardoino said.
USA₮ launched in January as Tether’s attempt to enter the U.S. regulatory perimeter. Tether is the largest stablecoin issuer, with its flagship USDT token, popular globally, representing well over half the total stablecoin supply.
