Live · updated 10 minutes ago
USAT Price chart
Key stats
Performance
How the price moved over each period.
Supply
180.32M USAT circulate. No maximum supply is set.
- Circulating
- 180.32M
- Total supply
- 180.32M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.45% of market cap. Thin trading; small orders can move the price.
$180.04M market cap, rank #194. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
0.4% below its all-time high of $1.00.
Largest recent swing: 0.05% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is USAT (USAT)?
USAT is a US dollar stablecoin positioned as the federally regulated, US-market counterpart to Tether's USDT. It is issued by Anchorage Digital Bank, N.A., a national bank supervised by the Office of the Comptroller of the Currency. Tether announced the project in September 2025 and named Bo Hines to lead its US division, and USAT went live on 27 January 2026.
The official site is published by Tether Operations but states that Tether is not the issuer. The issuer of record is Anchorage Digital Bank, which matters for who owes you redemption.
What USAT is used for
USAT is designed to hold one US dollar of value per token, so it can serve as a settlement and payment asset on public blockchains. Typical uses include:
- Moving dollars between wallets and exchanges without waiting for bank settlement hours.
- Holding a dollar-denominated balance on-chain between trades.
- Paying for goods and services in applications that accept dollar stablecoins.
The issuer positions USAT as an option for US customers, since USDT is not legally offered to them.
USAT supply and token design
USAT has no fixed cap. New tokens are issued when dollars are deposited, and tokens are removed when they are redeemed, so supply follows demand. The issuer states that each token is redeemable for one US dollar and backed in full by liquid reserves. The first published attestation described the reserves as US dollar cash and reverse repurchase agreements collateralized by US Treasury securities, held in segregated fiduciary trust accounts.
USAT is not legal tender, is not guaranteed by the US government, and is not covered by FDIC or SIPC protection. Live circulating supply is shown in the market data on this page. The Ethereum token contract is 0x07041776f5007ACa2A54844F50503a18A72A8b68; check it on a block explorer before sending funds, because lookalike tokens with the same name exist for most popular stablecoins.
Official information is on usat.io.
What to check before using USAT
- Redemption terms: confirm who can redeem directly with the issuer, any minimums or fees, and what an ordinary holder can do instead, such as selling on an exchange.
- Depeg risk: the dollar peg depends on the quality and liquidity of the reserves, and market prices can drift from one dollar in stress.
- Counterparty exposure: reserves sit with the issuer and its custody arrangements, so read the latest attestation rather than relying on the headline backing claim.
- Young track record: the token launched in 2026, so it has far less operating history than established stablecoins.
- Do not confuse USAT with USDT, which has different issuers, reserves and eligibility rules.
USAT project profile
- Open source
- No
Token contracts
- Ethereum:
0x070417…2a8b68 - Celo:
0xd2ab3c9a02dbbab236bfec…
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
USAT market analysis
With a market capitalisation of $180.04 million, USAT (USAT) is classed as a small-cap asset and ranks #194 of 1,340 cryptocurrencies with a reported market cap on CryptoWave, larger than about 85.5% of them. It accounts for roughly under 0.01% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $816.0 thousand of USAT changed hands, equal to 0.45% of its market cap, which puts its trading volume ahead of about 52.4% of tracked assets. That is a quiet level of turnover, so large orders may meet limited depth. Its turnover ratio is higher than that of about 17% of tracked assets.
Price action: USAT moved −0.05% in 24 hours and −0.02% over 7 days. It outperformed Bitcoin by 2.16 percentage points over 24 hours and by 4.11 points over 7 days. Against the median tracked coin (ahead by 2.23 points on the day and ahead by 6.20 points on the week), it has been a relative strength in recent sessions.
To overtake Convex Finance (CVX) just above it, USAT would need to grow its market cap by about 0.1%; it is 1.1% larger than BTSE Token (BTSE) just below. Its market cap is 0.01% of Bitcoin's.
Based on market data; not investment advice.
USAT FAQ
What is USAT?
USAT is a US dollar stablecoin issued by Anchorage Digital Bank, N.A. and positioned by Tether as its federally regulated product for the US market. Each token is designed to be redeemable for one US dollar.
Who issues USAT and when did it launch?
Anchorage Digital Bank, N.A. is the issuer, and USAT went live on 27 January 2026. Tether published the project and named Bo Hines to lead its US division.
What backs USAT?
The issuer says USAT is backed in full by liquid reserves. The first attestation listed US dollar cash and reverse repurchase agreements collateralized by US Treasury securities.
Is USAT the same as USDT?
No. USDT is issued by Tether, while USAT is issued by Anchorage Digital Bank and is aimed at the US market. They have separate reserves, issuers and eligibility rules.
Price history
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