Tether’s USA₮ redeemable supply jumped nearly 540% in April as reserves climbed above $141 million, according to the stablecoin’s latest attestation report.

The report showed 140,850,950 USA₮ redeemable tokens outstanding and $141,178,400 in reserve assets as of April 30.

Anchorage Digital Bank, which manages USA₮ as a federally chartered national trust bank and qualified custodian, said reserves exceeded outstanding redeemable tokens by $327,450 as of April 30.

USA₮ redeemable tokens outstanding increased from 22.1 million in March to 140.9 million in April, adding 118.8 million tokens in one month. Reserve assets rose from $22.2 million to $141.2 million over the same period, increasing by $119 million.

The April reserve base consisted of $13.4 million in cash and $127.8 million in reverse repurchase agreements collateralized by US Treasury securities. The report states that reserve assets are held in segregated fiduciary trust accounts for the benefit of USA₮ token holders.

The increase suggests USA₮ is beginning to move beyond its initial launch phase and into more active use across institutional treasury operations, digital asset settlement flows, and regulated dollar liquidity management.

“The April report shows regulated digital dollar adoption accelerating at exactly the moment US policy is beginning to catch up with market demand,” said Paolo Ardoino, CEO of Tether. “USA₮ redeemable tokens outstanding increased nearly 540% month over month, with reserves growing alongside issuance. As stablecoin rules become clearer, institutions are going to look for digital dollars that combine scale, supervised issuance, and transparent reserve reporting.”

Bo Hines, CEO of Tether USA₮, said the April numbers show what operational adoption can look like for a regulated digital dollar.

“Supply grew more than sixfold in April, reflecting increased use across institutional treasury operations, settlement flows, and regulated dollar liquidity management,” Hines said. “The broader policy environment is moving in the right direction, and USA₮ is already operating in the kind of structure that institutions are asking for.”

The latest attestation comes as demand for regulated stablecoins continues to grow across payments, settlement infrastructure, treasury management, and digital asset platforms.