Anchorage releases first USAT attestation showing $17.6 million in reserves backing Tether’s US stablecoin

Anchorage has released the first attestation for Tether's USAT stablecoin, revealing $17.6 million in reserves backing the US dollar-pegged token. USAT CEO Bo Hines suggests Tether could become a top 10 buyer of U.S. Treasury bills this year due to growing stablecoin demand.