finance
Tether Stablecoin USAT Grows Sixfold to $140.8 Million in April
Tether’s U.S.-focused stablecoin USAT expanded from roughly $22 million to $140.8 million during April. The increase marks a sixfold rise in the token’s circulating supply.
May 28, 3:43 PM·1m read1 source
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Tether’s U.S.-focused stablecoin USAT increased more than sixfold during April, reaching a market capitalization of $140.8 million. The expansion lifted the token’s supply from approximately $22 million at the start of the month to the April 30 total.
USAT is issued by Tether and is designed to maintain a one-to-one peg with the U.S. dollar while operating under U.S. regulatory frameworks. The stablecoin targets users and institutions that require dollar-denominated digital assets compliant with domestic rules. No company officials were named in the report.
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