USAT 

USAT Price

What is the USAT (USA₮) stablecoin?

USAT (USA₮) is a dollar-backed payment stablecoin built for the United States federal stablecoin framework created by the GENIUS Act, signed July 18, 2025. Tether unveiled the project on September 12, 2025, and the issuer of record is Anchorage Digital Bank, N.A., a federally chartered digital-asset bank supervised by the OCC. Tether provides the brand, distribution and engineering behind the token. DropsTab classifies USAT under Stablecoin.

How much is 1 USAT coin worth and how does the peg hold?

USAT is pegged 1:1 to the U.S. dollar, so one USAT is designed to be worth $1 at all times. Each token in circulation is matched by one dollar of reserves and is redeemable 1:1 for USD. New USAT is minted when verified dollar deposits arrive and burned on redemption, keeping the token count aligned with the reserve balance. There is no fixed maximum supply.

What backs the USAT stablecoin's reserves?

USAT reserves consist of cash and short-duration U.S. Treasury instruments. The GENIUS Act requires issuers to hold 100% high-quality liquid assets: cash, insured demand deposits, Treasury bills of 93 days or less, short-duration repurchase agreements and central-bank deposits. Corporate bonds, precious metals and crypto are prohibited as reserves. Cantor Fitzgerald acts as custodian for the Tether arrangement. Anchorage named U.S. Bank as reserve custodian in October 2025.

Does Tether issue the USAT token?

Tether provides the USAT brand, distribution and engineering, but Anchorage Digital Bank, N.A. is the issuer of record. Because issuance sits inside a federally chartered bank, USAT carries monthly public reserve disclosures reviewed by a registered public accounting firm, OCC supervision, and senior holder claims on segregated reserves in insolvency. Tether America, the entity behind the U.S. rollout, is led by CEO Bo Hines, former Executive Director of the White House Digital Asset Markets Working Group.

How is USAT different from USDT?

USAT and USDT are separate tokens with different issuers, reserves and redemption rails. USAT is issued inside the U.S. federal banking framework; USDT is issued offshore by Tether and does not carry the same monthly public disclosures or senior insolvency claims. The two tokens are not directly convertible: Anchorage will not redeem one for the other. Holding USAT therefore means exposure to a different issuer and reserve structure than holding USDT.

When did USAT launch and which blockchains does it run on?

USAT went live on January 27, 2026. The primary contract is an ERC-20 upgradeable proxy on Ethereum at 0x07041776f5007aca2a54844f50503a18a72a8b68, verifiable on Etherscan, with 6 decimals. A second deployment went live on Celo on March 31, 2026, accompanied by a Google Cloud-supported distribution program. No expansion to Tron, TON, Solana or Aptos has been announced.

Which exchanges list USAT?

Per DropsTab data, USAT trades on more than 10 centralized venues plus two Uniswap pools on Ethereum. The venue split matters for access: Kraken and Crypto.com Exchange run direct fiat USAT/USD pairs, while most other venues quote USAT against USDT, so displayed depth largely reflects the USAT/USDT parity market. Decentralized liquidity sits in a Uniswap v3 USAT/USDT pool and a Uniswap v4 USAT/USDC pool. No derivative markets are tracked for USAT.

Does USAT have a vesting schedule or token sale?

USAT has no vesting schedule, no unlock calendar and no token sale. As an issuer stablecoin, USAT enters circulation only when a verified dollar deposit triggers a mint, and tokens exit through redemption. No pre-mine or team allocation exists, so insider-unlock sell pressure does not apply to USAT. No airdrop or earning campaign has been run either; supply growth tracks adoption, and every token in circulation is backed 1:1 by dollar reserves.