USAT

USAT (USAT) is Tether's U.S.-domiciled, dollar-backed stablecoin, built specifically to operate inside the federal stablecoin framework created by the GENIUS Act. Crucially, the issuer is Anchorage Digital Bank, N.A., described as America's first federally regulated stablecoin issuer, which separates USAT from Tether's flagship USDT and positions it as a compliance-first, onshore product aimed at U.S. users and institutions that need a stablecoin operating within clear domestic rules.

Judging USAT on its peg, backing, and regulatory footing

For a fiat-backed stablecoin the entire proposition is the peg and the backing, and here the draw is a regulated bank issuer, federal oversight and the distribution weight of the Tether brand. The risks are the ones specific to this asset type: reserve quality and attestation transparency, redemption reliability, and counterparty and regulatory dependence on Anchorage and the GENIUS Act regime itself, which is new and still being tested in practice. USAT is a settlement and dollar-holding instrument, not an investment for upside; holders should judge it on reserve disclosures and redemption terms, and note it is distinct from USDT despite the shared parent.

1. 1. Choose an exchange. Pick a reputable exchange that lists USAT — among the venues we rate highest are Binance, OKX and Kraken.
2. 2. Create & verify your account. Register, enable two-factor authentication, and complete identity verification (KYC).
3. 3. Deposit funds. Add money by bank transfer, card, or a stablecoin, depending on what the exchange supports in your region.
4. 4. Buy USAT. Search for USAT, choose a market or limit order, enter your amount, and confirm.
5. 5. Secure your coins. For long-term holdings, withdraw USAT to a self-custody wallet you control rather than leaving it on the exchange.

Compare venues in our independent exchange ratings. This is not financial advice.