USDGO, issued by Anchorage Digital Bank, National Association, is a U.S. dollar-pegged stablecoin that offers a tokenized claim redeemable at one U.S. dollar (USD) per token, issued in collaboration with OSL Group on Anchorage's platform [S1][S2][S3].

Holders receive a price-stable instrument pegged 1:1 to the U.S. dollar (USD) and redeemable for one USD per token on the Anchorage Digital platform [S1][S2]. Reserves backing the token are tied to underlying collateral such as U.S. Treasuries and are held by the bank as an OCC-qualified custodian [S1][S4]. Eligible holders may earn monthly rewards through a separate rewards entity, tied to the underlying collateral, without staking or lockups [S4].

Anchorage Digital Bank, National Association, a federally chartered bank and subsidiary within Anchor Labs, Inc., a Delaware corporation, is regulated by the Office of the Comptroller of the Currency (OCC) and operates under OCC Interpretive Letter 1174 [S1][S5][S3]. The token is a U.S. dollar-backed stablecoin redeemable 1:1 for USD on the platform [S1][S2]. Services target institutional clients and certain high net worth individuals in limited circumstances, with some requiring Eligible Contract Participant qualification under U.S. CFTC rules [S6]. Custody uses bankruptcy-remote, fully segregated accounts; custodied assets are not guaranteed and carry no FDIC or SIPC insurance [S5][S3][S7].

Clients mint, redeem, and exchange the token for other digital assets or USD directly on the Anchorage Digital platform or via its trading desk, with stablecoins natively minted and redeemed on supported public networks [S1][S3][S6]. Reserve attestations are published monthly by a Big Four independent accounting firm under AICPA attestation standards [S2].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://www.anchorage.com/platform/stablecoin-issuance" },
    { id: "S2", url: "https://www.anchorage.com/platform/transparency-stablecoin-reserves" },
    { id: "S3", url: "https://www.anchorage.com/platform/stablecoin-solutions-for-banks" },
    { id: "S4", url: "https://www.anchorage.com/platform/stablecoin-rewards" },
    { id: "S5", url: "https://www.anchorage.com/legal" },
    { id: "S6", url: "https://www.anchorage.com/insights/anchorage-digital-offers-rewards-usdtb-usde" },
    { id: "S7", url: "https://www.anchorage.com/regulatory-leadership" },
  ]}
/>


# Asset holders methodology

## 1. Overview

Asset holders is measured as the number of unique addresses that hold a non-zero balance of a project’s assets. This metric is used by investors to track the expansion or contraction of the asset holder base over time. Data is aggregated daily for each tracked asset across all supported blockchain networks.

## 2. Data sources

- **EVM chain data**: Ledger state and ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others).
- **Solana instructions**: SPL token account data and transfer instructions.
- **Other chain types**: Account and balance data from Aptos, Near, and Polkadot Asset Hub.
- **Asset metadata**: Token contract addresses and decimal precision retrieved from asset metadata.

## 3. Step-by-step calculation

### Component A: Address balance identification

- **Purpose**: Identify all unique addresses associated with a specific token and determine their current holdings.
- **Logic**: For EVM-compatible chains, balances are derived by parsing ERC-20 `Transfer` events or by querying the ledger state for all addresses that have interacted with the token contract. On Solana, account balances are retrieved from the SPL token program. Similar account-based balance records are extracted for Aptos, Near, and Polkadot Asset Hub to identify the population of potential holders.
- **Key fields**: `token_address` (the contract address of the asset), `address` (the unique identifier of the holder), `timestamp` (the time of the state record).

### Component B: Normalization and non-zero filtering

- **Purpose**: Ensure token amounts are accurate and exclude addresses that no longer hold the asset.
- **Logic**: Decimal precision is retrieved from token metadata for each asset. All raw amounts are normalized by decimal precision. A filter is applied to exclude any address where the resulting balance is zero. Only addresses with a positive balance are retained for the final count.
- **Key fields**: `amount` (the normalized quantity of tokens held), `decimals` (the precision factor for the asset).

### Component C: Daily aggregation and gap filling

- **Purpose**: Calculate the final daily count and ensure continuity in the time series.
- **Logic**: Unique addresses are counted for each asset per chain on a daily grain. The data is combined across all chains to provide a total holder count per asset. For days where no new balance changes are recorded, the metric is filled with zero values or the previous known state is maintained to ensure a continuous daily record.
- **Key fields**: `asset_holders` (the count of unique addresses), `timestamp` (the day of the observation).

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique addresses holding a non-zero balance of the asset.

Asset holders

Stablecoins

Users access OSL through a web platform, a mobile app, institutional-grade APIs, and white-label solutions for enterprise partners.

OSL is a regulated global stablecoin trading and payment platform. It provides spot and derivatives trading, fiat on/off-ramp services, payment solutions (OSL BizPay, OSL Pay), custody, OTC execution, and tokenization infrastructure.

OSL serves individuals (retail traders and crypto finance users), businesses (payment service providers, fintechs, banks, brokerages, eCommerce platforms, gaming companies, and asset managers), and institutions requiring regulated digital finance infrastructure.

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Stablecoin issuers

OSL Group

Anchorage Digital USDGO (USDGO) is a U.S. dollar stablecoin issued by Anchorage Digital through Anchorage Digital Bank, National Association.

Each token is redeemable one-for-one for U.S. dollars and is a collateral-backed contractual exposure rather than a direct claim on the issuer.

Reserves are held in cash and money market funds, in accounts segregated from the issuer's own funds.

Holders can mint and redeem directly with Anchorage Digital in USD after completing KYC, and holders have a contractual right to redeem at par.

Anchorage Digital Bank, National Association is chartered as a U.S. national trust bank and is supervised by the Office of the Comptroller of the Currency (OCC).

USDGO has been issued on Solana as a SPL Token-2022 token since December 2025.

Anchorage Digital USDGOUSDGO