Home BlockchainTether, Anchorage Tap Deloitte for First USAT Stablecoin Reserve Report

Tether, Anchorage Tap Deloitte for First USAT Stablecoin Reserve Report

by Decrypt
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Tether, Anchorage Tap Deloitte for First USAT Stablecoin Reserve Report

In brief

  • Deloitte penned USAT’s first attestation report on behalf of issuer Anchorage Digital.
  • The Big Four accounting firm began working for Circle in 2023.
  • Tether signaled last year that it’s pursuing a full, independent audit.

Anchorage Digital tapped Deloitte for USAT’s first attention report, linking the Big Four accounting firm with Tether’s efforts to offer a regulated stablecoin in the U.S.

The report showed that USAT’s reserves were valued in excess of the stablecoin’s circulating…

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