Tether’s USAT Supply Climbs 540% Month-Over-Month

Tether’s latest attestation shows the circulating supply of its US dollar stablecoin USAT rose 540% month-over-month. The figure appears in the issuer’s most recent transparency report, which compares token supplies between reporting periods and is posted on Tether’s website.

The increase refers to the number of USAT tokens Tether listed as circulating at the attestation date. The report presents supply totals and a summary of the reserve position Tether states backs its dollar-pegged tokens at the time of reporting.

Stablecoins denominated in U.S. dollars, including USAT, are used to facilitate trading, settlements and liquidity on cryptocurrency platforms. A month-over-month jump in reported supply reflects net new issuance recorded between the two reporting dates; the attestation does not identify specific counterparties, platforms or use cases tied to the issuance.

Tether issues monthly attestations that list circulating quantities for each token and related reserve information. Those documents provide a snapshot of outstanding supply and the issuer’s stated reserve status at the reporting date.