Anchorage's USA₮ circulation hits $175.7M, up nearly 10x since January
- —USA₮ circulation stood at 175.73 million tokens as of Aug. 31
- —Up from 17.5 million in late January — nearly a 10x increase
- —Reserves of $176.4 million exceed tokens issued by $660,000
- —Issued by federally chartered Anchorage Digital Bank with Tether support
Why it matters: The growth of a bank-issued, GENIUS Act-compliant stablecoin signals demand for regulated issuers competing with USDT and USDC.
Source: PANews