News, data and analysis on tokenized assets, market design and digital economic systems.
Issuer of record for other companies' regulated dollar tokens, including Tether's US token USAT and Western Union's USDPT, a role open to it because the Comptroller of the Currency has supervised it as a bank since January 2021.
Federally chartered digital asset bank, supervised by the Office of the Comptroller of the Currency since January 2021, offering custody, staking, settlement and trading to institutions. The charter makes it one of the few US entities able to act as issuer of record for regulated dollar tokens: it issues Tether's US token USAT and Western Union's USDPT, and supports issuance for Ethena and OSL. That role places a federally supervised balance sheet between token holders and the reserve assets backing them.
Developments in which Anchorage Digital is a named party, newest first.
BDO's attestation shows $183.6bn of USDT backed by $187.8bn of assets at 30 June—an excess of $4.11bn, down from $8.23bn a quarter earlier.
The federally regulated dollar token Tether launched in January now mints and burns natively on the payments network, where it can also pay for gas.
Tether announced USAT on 27 January 2026, a dollar stablecoin issued in the United States by Anchorage Digital Bank under the GENIUS Act framework, with Cantor Fitzgerald as reserve custodian and preferred primary dealer.
Tether's USAT, the dollar token issued by Anchorage Digital Bank under the GENIUS Act regime, went live on Celo on 29 July 2026, its first network beyond Ethereum. The deployment mints and burns natively rather than bridging a representation, and Celo's fee abstraction mechanism lets USAT pay transaction fees, so a holder can transact without first acquiring the network's own asset. The announcement ran through Celo's channels; Tether's newsroom carried no release of its own.
Tether announced USAT, a dollar stablecoin issued in the United States by Anchorage Digital Bank under the GENIUS Act framework, with Cantor Fitzgerald as reserve custodian and preferred primary dealer. The token sits alongside USDT, which continues to be issued outside the United States.
The Office of the Comptroller of the Currency conditionally approved the conversion of Anchorage Trust Company, a South Dakota chartered trust company, into Anchorage Digital Bank, National Association, subject to an operating agreement setting capital, liquidity and risk management expectations. The charter created a federally supervised entity able to act as custodian and, later, as issuer of record for regulated dollar tokens.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
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