Tether’s USA₮ supply grew nearly 540% month-over-month.
According to an attestation on Thursday, the number of redeemable tokens increased sixfold to over 140 million USAT in April from about 22 million tokens in March. The total reserve balance grew alongside this supply to hit $141,178,400, indicating a $327,450 reserve surplus relative to the number of outstanding tokens.
"The April report…