USAT
USA₮
USA₮
Stablecoins · Crypto-Backed Stablecoins+1USAT
Mcap$182M$0.9990.01%
USAT Metrics
Spot Volume (24H)
$249.27K+380.27%
Marketcap
$182M
FDV
$182M
Mindshare
Very Low
Circ. Supply
182.3M
Max Supply
-
Mcap/FDV
100%
Total Supply
182.3M
Sector Ranking
#115
About & Links
About & Links
USAT Performance
All Time High
$2.04-50.96%
Jun 30, 2026
Cycle Low
$0.998+0.08%
Jul 30, 2026
Trending
USAT Metrics
Spot Volume (24H)
$249.27K+380.27%
Marketcap
$182M
Mindshare
Very Low
Last Updated: Oct-29-2026 11:13 UTC
USA₮ (USAT) Project Update
USA₮ (USAT) is a U.S. dollar-pegged stablecoin that is redeemable 1:1 for U.S. dollars and backed by liquid reserves .
Get Caught Up
Tether's U.S.-Compliant Stablecoin Strategy
Tether announced plans to launch USA₮, a fully compliant U.S.-dollar stablecoin aimed at the U.S. market, designed to meet regulatory requirements under the GENIUS Act (the first federal framework for payment stablecoins) with 100% backing by cash and U.S. Treasuries 23. The stablecoin is being issued by Anchorage Digital, a regulated U.S. trust bank, with reserves managed by Cantor Fitzgerald, and is led by Bo Hines, a former White House crypto policy expert 2. This represents a shift toward a dual-coin strategy, with USDT remaining dominant offshore while USA₮ serves as the onshore, compliant alternative 2.
Broader Stablecoin Market Consolidation
The stablecoin market reached a total market cap of $309.6 billion, with Q4 2025 seeing consolidation as investor preference shifted toward fiat-backed stablecoins amid demand for liquidity and transparency 4. Regulatory clarity advanced globally, including the U.S. FDIC proposing application rules under the GENIUS Act and the UK FCA prioritizing GBP stablecoin frameworks 4. This environment of increasing regulatory structure directly supports the rationale behind compliant stablecoins like USA₮.
Rising Emphasis on Verifiable Reserves
Throughout 2025, stablecoin trust shifted from narrative reliance to verifiable, periodic review processes, with the AICPA releasing criteria for asset-backed stablecoin reporting and the GENIUS Act establishing a federal framework in July 5. Regulators and institutions now seek testable evidence focusing on reconcilable balances between outstanding tokens and redemption assets 5. This trend underscores the importance of USA₮'s transparent reserve structure and regulated issuance model.
Biggest Stories of 2025
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Stable Mainnet launch: The Stable team announced that Stable Mainnet, a Layer 1 blockchain with native USDT integration, went live, positioning it as a payment rail for stablecoins (December 8, 2025) 6.
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Stable whitepaper release: The Stable team published a whitepaper detailing its technical architecture, including the StableBFT consensus layer, Stable EVM execution environment, and StableDB storage system, all designed for stablecoin-native settlement (December 2, 2025) 7.
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Tether announces USA₮: Tether unveiled plans to launch USA₮, a U.S.-regulated, dollar-backed stablecoin designed to comply with the GENIUS Act, with Anchorage Digital as issuer and Cantor Fitzgerald as reserve custodian, and the appointment of Bo Hines as CEO of Tether USA₮ (September 12, 2025) 28. This remains the foundational event for the project, establishing its regulatory positioning and institutional partnerships.