USAT wallet

What is USAT (USAT)?

Two Tether stablecoins share one dollar peg but are not the same token, and that is the first thing a USAT holder should keep straight. USDT is Tether's long-running offshore stablecoin. USAT is the version built for the U.S. federal stablecoin regime under the GENIUS Act: issued by Anchorage Digital Bank, a federally chartered institution, with reserves held in cash and short-dated U.S. Treasuries and subject to U.S. supervision. The ticker is written USA with the Tether glyph, which is why it appears as USAT or USA₮ depending on where you look.

On Ethereum, USAT is a plain ERC-20 token. There is no rebase and no mechanism that changes the balance by itself: one USAT stays one USAT until it is sent or redeemed. Every transfer costs gas in ETH, so a wallet holding USAT needs a small ETH balance alongside it or the tokens cannot move. Redemption for dollars runs through the issuer's channels rather than on the chain, and, as with other regulated stablecoins, the issuer can freeze an address if legally required.

Because USAT and USDT sit in the same app, on the same network, from the same brand, the practical risk for a holder is confusion, not technology: sending one when the counterparty expected the other, or importing the wrong contract when adding the token manually. Check the token name, not just the dollar sign, before confirming.

Tangem keeps USAT as its own entry with its own balance, separate from USDT, and shows the token and network on the screen before the card signs. That gives you a moment to read what is actually leaving the wallet, and for an asset whose main pitfall is a lookalike, that moment is exactly what you want from the wallet holding it. Supported networks in Tangem (1): Ethereum.