Deloitte signs off on Anchorage reserve report for Tether’s USAT stablecoin

Big Four firm Deloitte attests to $17.6 million in reserves backing USAt, Tether’s new US-regulated stablecoin issued by Anchorage Digital Bank.

Deloitte & Touche, one of the Big Four accounting firms, has issued an independent attestation on the reserve report backing USAt, a new US-regulated stablecoin from Anchorage, which issues USAT with Tether’s support.

In a letter dated Feb. 27, Deloitte said it examined Anchorage’s assertion that the USAt (USAT) Reserve Report was prepared in accordance with the American Institute of Certified Public Accountants’ 2025 criteria for asset-backed, fiat-pegged tokens. The report covers reserves as of Jan. 31, 2026.

“In our opinion, management’s assertion that the USAt Reserve Report is prepared in accordance with the criteria set forth therein as of the Report Date is fairly stated, in all material respects,” Deloitte wrote.

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