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

CoinTelegraph

by Amin Haqshanas

March 3, 2026

AI-Generated Deep Dive Summary

Deloitte & Touche, a leading member of the "Big Four" accounting firms, has issued an independent attestation confirming that $17.6 million in reserves back Tether’s USAt (USAT) stablecoin, which is regulated under U.S. regulations and issued by Anchorage Digital Bank with Tether's support. The firm’s letter, dated February 27, validates the reserve report as of January 31, 2026, stating that it aligns with the American Institute of Certified Public Accountants’ (AICPA) 2025 standards for asset-backed, fiat-pegged tokens. This marks a significant milestone for USAT, ensuring transparency and compliance in its operations. The USAT stablecoin is designed to operate within U.S.-regulated frameworks, making it a key player in the growing sector of compliant digital assets. By engaging Deloitte for this independent verification, Anchorage Digital Bank and Tether aim to build trust and credibility among users and regulators alike. The report’s alignment with AICPA standards underscores its commitment to transparency and accountability, setting USAT apart from other stablecoins that may lack such rigorous auditing. This development matters significantly to crypto enthusiasts and investors who prioritize regulatory compliance and asset security in the volatile cryptocurrency market. Tether’s history of legal challenges and scrutiny has made such validations critical for restoring confidence in its products.

Verticals

cryptoblockchain

Originally published on CoinTelegraph on 3/3/2026