What is the current price of USAT?
The current price of USAT is $0.9997 with a 0.01% change in the last 24 hours.
Supply and ATH/ATL data provided by CoinGecko
Hyperliquid perpetuals only. One snapshot every 5 minutes, up to 20 returned price levels per side. Liquidity beyond those levels is unknown. This is not a liquidation heatmap or a fill estimate.
Loading recorded snapshots…
Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
USAT is a United States dollar stablecoin built to operate inside the federal framework created by the GENIUS Act. Its issuer is Anchorage Digital Bank, N.A., a nationally chartered bank, and it was developed by Tether as a domestic product alongside its global stablecoin. The official site states that one USAT is always redeemable for one U.S. dollar and is backed in full by liquid reserves. It launched on Ethereum and has since been deployed to Celo.
Official resources:
USAT is a corporate product rather than a founder-led protocol. Tether unveiled it on September 12, 2025, naming Anchorage Digital Bank as issuer, Cantor Fitzgerald as reserve custodian and preferred primary dealer, and Bo Hines, previously of the White House Crypto Council, as chief executive designate of Tether USAT. The token launched on January 27, 2026 on Ethereum, distributed through Bybit, Crypto.com, Kraken, OKX and MoonPay, and expanded to Celo on July 29, 2026.
USAT follows the standard fiat-backed model: a regulated issuer accepts dollars, holds reserves, mints tokens against them and burns tokens on redemption. What differs is where issuance sits: Anchorage Digital Bank is nationally chartered, so issuance happens inside a federally supervised institution rather than through a money transmitter or offshore entity. On Ethereum the token is an ordinary ERC-20, while the Celo deployment supports native minting and burning and lets gas be paid in the token.
USAT is a payment and settlement instrument, not a governance or fee token, with no staking or yield mechanism. Its usefulness is a dollar balance that moves at blockchain speed while being issued by a supervised U.S. bank, aimed at institutions that cannot hold an offshore-issued stablecoin. The official site is direct that the token is not legal tender, is not issued, backed, approved or guaranteed by the U.S. government, and is not covered by FDIC, SIPC or other government insurance.
The issuer is the distinguishing fact. Most large dollar stablecoins come from non-bank entities under state money transmitter licenses, trust charters or offshore regimes, while USAT comes from a nationally chartered bank, inside federal supervision rather than adjacent to it.
Tether's global stablecoin targets emerging markets with a different issuer structure and a far larger installed base. USDC comes from a U.S. company with deep exchange integrations, PayPal USD from a consumer payments platform, Ripple USD under a New York trust charter, and Global Dollar from a shared-revenue consortium. USAT differs chiefly in its bank issuer.
Only one of the two relevant layers is cryptographic. Token transfers rely on Ethereum or Celo, while the more important layer is the reserve and issuance structure: a chartered issuer, a named custodian holding reserve assets, and GENIUS Act compliance obligations. Launch materials state the custodian arrangement gives clear visibility into reserves, though the public site does not publish a specific attestation report.
Every fiat-backed stablecoin carries issuer and custodian risk, and USAT is not government-guaranteed or FDIC insured, which the official site states plainly. Redemption at par is an issuer commitment, and direct redemption is typically limited to approved counterparties. The token is new, so liquidity and integration depth are thinner than long-established dollar stablecoins, and interpretation of the GENIUS Act is still developing.
USAT tests whether a bank-issued digital dollar can compete with incumbent stablecoins that grew up outside the banking system. If it works, U.S. institutions gain a dollar token whose issuer sits inside federal supervision, and the template becomes available to other regulated issuers.
USAT is distributed through exchanges and on-ramps including the launch partners named by the issuer, and trades on decentralized venues. Because stablecoin tickers are widely imitated, confirm the correct contract address through the official site.
On Ethereum, any ERC-20 compatible wallet can hold USAT, including MetaMask, Rabby, and Ledger or Trezor hardware wallets. On Celo, wallets supporting that network can hold it, with fees payable in the token. Self-custody reduces counterparty exposure but does not remove issuer or reserve risk.
Track USAT live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for USAT on CoinRithm before using real money.
Use a crypto paper trading account to demo trade USAT with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading USAT with real money.
Read the complete paper trading guideThe current price of USAT is $0.9997 with a 0.01% change in the last 24 hours.
The daily trading volume is $8,460.21 representing a 42.32% change in the past 24 hours.
The market capitalization of USAT is $183,264,858, ranking #158 globally.
The fully diluted valuation (FDV) of USAT is $183,264,858, calculated assuming the total supply of 183,317,586 USAT is in circulation.
Circulating: 183,317,586. Total: 183,317,586. Max: N/A.
In the last 24 hours, USAT traded between a low of $0.999 and a high of $0.9998.
USAT/USDTTether USDT0.9997 USDT
Tether invests in EFY Finance to expand USDT and USAT payments across Latin America, backing a company serving 25,000 accounts in 17 countries.
America's first federally chartered crypto bank is routing its stablecoins across 170-plus chains through LayerZero's OFT standard, starting with Tether's USAT.
Anchorage Digital selected LayerZero for stablecoin interoperability, starting with Tether’s USAT and extending to other bank-issued tokens.
Celo's USA₮ faucet now offers $10 to verified users, marking a boost in stablecoin adoption. Learn how USA₮ is positioned in the U.S. market. (Read More)
Celo teams with Google Cloud to enable users to claim free USA₮ stablecoins via a proof-of-human identity system. Here's what you need to know. (Read More)
Tether's GENIUS Act-compliant USAT stablecoin launched on Celo, its first chain outside Ethereum, enabling native minting and direct gas fee payments.
