USAT Stablecoin: Tether's new compliant US option, now available on Gate

Tether, the world’s largest stablecoin issuer, officially announced the launch of USAT stablecoin in the United States at the end of 2025, marking the first stablecoin fully compliant with the US GENIUS Act regulatory framework.

Unlike the widely known USDT, USAT is issued by the federally chartered bank Anchorage Digital Bank, with reserve assets custodied by renowned financial institution Cantor Fitzgerald, specifically designed to meet the strict compliance requirements of the US market.

As of January 28, 2026, USAT’s price remains stably pegged at $1.00, with a market capitalization exceeding $20 million, demonstrating initial market acceptance of this new compliant asset.

01 The Birth of USAT Stablecoin: A Compliance Product Driven by Regulation

The stablecoin market experienced a pivotal regulatory turning point in 2025. With the passage of the US GENIUS Act, the digital dollar gained a clear legal framework for the first time.

This legislation imposes strict requirements on stablecoin issuers: maintaining 1:1 USD reserves, conducting monthly audits, and adhering to rigorous anti-money laundering regulations. Against this backdrop, the world’s largest stablecoin issuer Tether made strategic adjustments.

For a long time, Tether’s USDT has held over 60% of the global stablecoin market share, but due to the lack of a domestic US compliance framework, its development in the US market has been limited.

To fill this strategic gap, Tether launched USAT, specifically designed for the US market. USAT is issued by the federally chartered bank Anchorage Digital Bank, with reserve assets managed by well-known financial institution Cantor Fitzgerald.

02 Core Architecture and Features: Compliance and Transparency, Institutional-Grade Design

From a technical architecture perspective, USAT represents a new generation standard in stablecoin development. Its most notable feature is full regulatory compliance, which sets it apart from its predecessor USDT.

In reserve management, USAT commits to investing 100% of user funds in USD and high-liquidity assets such as short-term US Treasuries, fully aligning with the requirements of the GENIUS Act.

This transparent reserve structure provides higher credibility for institutional investors, enabling them to view USAT as a cash equivalent similar to money market funds.

USAT also adopts an innovative issuance and custody separation model. The issuer, Anchorage Digital Bank, is the first US-licensed crypto bank, while the custodian, Cantor Fitzgerald, is a well-known participant in the government securities market.

This separation design enhances system security and checks and balances, reflecting the accelerating integration trend between traditional finance and the crypto world.

03 Market Performance and Data: The Rise of a New Star

As of January 28, 2026, the latest data shows USAT’s steady performance in the market. Its price remains strictly pegged at $1.00, with a 24-hour trading volume of $20,131,615.

USAT’s circulating supply is approximately 20,002,050 tokens, with a total market cap surpassing $20,012,407, ranking 1150th on CoinGecko.

Although its scale is small compared to USDT with a market cap over $186 billion and USDC with about $73 billion, considering its relatively recent launch, this growth momentum is noteworthy.

In terms of price stability, USAT has maintained a very narrow fluctuation range between $0.9992 and $1.00 since its launch, demonstrating the qualities expected of a stablecoin. This stability is crucial for users seeking risk hedging and stable value storage.

It is also worth noting that the difference between USAT’s all-time high and low prices is minimal, further confirming its design goal—to provide a reliable digital dollar representation rather than a speculative tool.

04 USAT vs. Mainstream Stablecoins: Competitors in the Compliance Track

In the stablecoin market, USAT’s positioning is very clear: it does not aim to replace USDT’s dominant role in global trading but to directly compete with USDC in the US compliant market.

The main differences between USAT and USDC, USDT (global version), are highlighted in several key dimensions:

USDC has long been the preferred choice for institutional investors, while USAT’s advantage lies in seamlessly connecting to Tether’s extensive global liquidity network while meeting US domestic regulatory requirements.

This unique positioning allows USAT to attract users who need both compliance assurance and access to Tether’s broad ecosystem.

05 Use Cases and Development Prospects: More Than Just Trading

The value of USAT extends beyond trading pairs, with broad potential application scenarios. As stablecoin payments grew by approximately 70% in 2025, the use cases for these digital dollars are rapidly expanding.

In cross-border payments, USAT can provide near-instant settlement, avoiding delays and high costs associated with traditional banking multi-layered correspondent banking relationships. Enterprises can use USAT for efficient internal fund transfers and supplier payments.

For platform economies, USAT offers a stable payment option for global markets, gig economy platforms, and creator networks. Especially in regions with high local currency volatility, USAT denominated in USD can provide value assurance for workers.

At the intersection of traditional finance and crypto, USAT’s compliance features make it a promising collateral for tokenized real-world assets (RWA) and structured products. This provides institutional investors with new avenues to participate in decentralized finance while meeting internal compliance standards.

06 How to Trade USAT on Gate: A Convenient and Secure Entry

As a leading global crypto asset trading platform, Gate offers users a secure and convenient channel for USAT trading. For investors looking to allocate part of their assets to compliant stablecoins, USAT presents an attractive new option.

The main trading pair for USAT on the Gate platform is typically USAT/USDT. Before trading, users should ensure their accounts have completed necessary identity verification (KYC) and have deposited the relevant base assets (such as USDT).

Like trading any stablecoin, although USAT is designed to maintain a 1:1 USD peg, market fluctuations may cause slight price deviations. Users should pay attention to platform depth and spreads to get the best execution prices.

Long-term holders can store USAT in Gate’s secure wallet or consider transferring it to personal wallets supporting ERC-20, such as MetaMask. The USAT contract address is 0x07041776f5007aca2a54844f50503a18a72a8b68; always verify carefully before transferring.

Gate provides not only trading channels but also comprehensive market data and security guarantees. Users can track USAT’s price movements and trading volume through Gate’s real-time charts to make more informed investment decisions.

Future Outlook

USAT’s price remains stably pegged on the Gate platform, with 24-hour trading volume remaining active. With Anchorage Digital Bank as the issuer’s compliance backing and Cantor Fitzgerald’s custodial assurance, this stablecoin is gradually gaining recognition among investors seeking transparency and security.

USAT is not only a strategic response by Tether to the US market but also a key milestone in the evolution of stablecoins from mere trading tools to regulated financial infrastructure. Looking ahead to 2026, as global enterprises’ demand for digital dollars increases, the use cases for compliant stablecoins will continue to expand—from cross-border payments and corporate treasury management to tokenized assets and emerging market financial services.