Bondissuer USDTIt is the largest dollar-based stablecoin with a market value of $184 billion. USA₮ through Anchor Digital. This is a move by Tether to please regulators since it is run by a federally chartered bank.
A report was distributed today by USA₮ regarding the growth from 22 million stablecoins to over 156 million, an increase of nearly 600% in about 2 months.
The certification report states that there is an increase of US₮15,665,564 from 140,850,950 in April.
Total reserves were reported as $157,033,006, increasing by $15.8 million in one month
Reserves are said to currently exceed outstanding tokens by $516,492, compared to an excess of $327,450 in April.
USA₮ Designed to comply with US law. arrival GENIUS Act It provides a regulatory framework for “payment stablecoins”.
Tether states that USA₮ is designed to support US leadership in the digital asset economy while ensuring strong governance and utility.
The second largest dollar-based stablecoin is USDC, issued by Circle, with a market cap of approximately $73 billion.
