Deloitte & Touche, a Big Four accounting firm, has issued an independent attestation for the reserve report backing USAt, a new US-regulated stablecoin from Anchorage, supported by Tether. The report, dated February 27, confirms that Anchorage's USAt Reserve Report was prepared in accordance with AICPA criteria for asset-backed, fiat-pegged tokens as of January 31, 2026.
Deloitte stated, "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."
Launched in January, USAt operates on Ethereum and maintains a one-to-one peg with the US dollar, designed to comply with the US federal GENIUS Act. Reserves for the 17,501,391 outstanding USAt tokens totaled $17,604,716, showing a surplus of $103,325. These reserves comprised $3.65 million in cash and $13.95 million in reverse repurchase agreements collateralized by US Treasury securities.
This marks the first time a Big Four firm has attested to reserves linked to Tether. However, Deloitte's engagement was an attestation, not a full financial audit, and did not assess internal controls or broader regulatory compliance.
Meanwhile, analysts project the stablecoin market will reach $2 trillion by 2028, despite current market slowdowns.