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Record sog_st_usat

USATUSA₮

Also recorded as USA₮, USAT, Tether USAT

Active

Lifecycle: Active
Issuance: Restricted
Reference target: US dollar
Primary organization: Anchorage Digital Bank1 additional relationship
Launch: 2026-01-27
Redemption: Institutional Only
Backing: Fiat and cash equivalents
Stabilization: Issuer redemption
Last review: 2026-06-26
Evidence: 4 source records

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

Federally regulated U.S.-dollar stablecoin issued by Anchorage Digital Bank with Tether supporting the product, technology, and brand.

Name	USA₮
Symbol	USAT
Aliases	USA₮, USAT, Tether USAT
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Restricted
Canonical record ID	`sog_st_usat`
Route slug	`usat`
Record confidence	High
Last reviewed	2026-06-26

Name: USA₮
Symbol: USAT
Aliases: USA₮, USAT, Tether USAT
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Restricted
Canonical record ID: sog_st_usat
Route slug: usat
Record confidence: High
Last reviewed: 2026-06-26

Record coverage

Section	Entries
Organizations	2
Sources	4
Reserve reports	1
Reserve components	1
Model-history events	0
Regulatory notes	0
Deployments	1
Issuer-control actions	0
Open questions	5
Events	1

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Centralized
Primary display organization: Anchorage Digital Bank
Primary display role: Legal issuer
Display selection mode: Deterministic Policy
Current relationships: 2
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 1 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 1 not recorded
Deployment control-event references: 0
Observed issuer-control events: 0
Relationship coverage: 2 recorded relationships

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Anchorage Digital Bank	Bank, trust, or credit institution	Regulated bank, trust, or credit institution	United States	Legal issuer	Primary display	2026-01-27	Not yet recorded	Active relationship
Tether USA₮	Company or corporate group	Not recorded in canonical data	United States	Brand owner	Additional relationship	2026-01-27	Not yet recorded	Active relationship

Bank, trust, or credit institution

Anchorage Digital Bank

Primary display

Functional role: Legal issuer
Relationship status: Active relationship
Regulatory character: Regulated bank, trust, or credit institution
Jurisdiction: United States
From: 2026-01-27
Until: Not recorded

Company or corporate group

Tether USA₮

Additional relationship

Functional role: Brand owner
Relationship status: Active relationship
Regulatory character: Not recorded in canonical data
Jurisdiction: United States
From: 2026-01-27
Until: Not recorded

Mechanism

How the asset works

Reference, backing, stabilization, exit, valuation, and yield remain separate facts.

Reference target: US dollar
Reference kind: Fiat
Comparison category: US dollar
Target value: Not yet recorded
Reference methodology: Targets one U.S. dollar.
Public backing model: Fiat and cash equivalents
Canonical backing types: Cash, Government Securities, Mixed
Reserve component categories: Other
Primary stabilization mechanism: Issuer redemption
Recorded model description: Cash Government Securities and Eligible Reserve Assets
Redemption / exit model: Institutional Only
Valuation source: Public information is incomplete
Yield / rebase profile: None recorded
Classification notes: Federally regulated bank-issued payment stablecoin; separate from USD₮ / USDT.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Dollar-denominated reserve assets subject to regulated issuer termsOther · Composite reserve context recorded without asserting unsupported allocation percentages.

Reserve profile

Disclosure status	Official Launch Context Terms Pending
Backing types	Cash, Government Securities, Mixed
Summary	Official launch material describes a federally regulated dollar-backed stablecoin; exact reserve allocation and custody remain under review.
As of	2026-06-26
Profile confidence	Medium

Disclosure status: Official Launch Context Terms Pending
Backing types: Cash, Government Securities, Mixed
Summary: Official launch material describes a federally regulated dollar-backed stablecoin; exact reserve allocation and custody remain under review.
As of: 2026-06-26
Profile confidence: Medium

Redemption profile

Current status	Institutional Only
Settlement asset	USD
Eligible parties	Approved institutional customers and distribution participants under Anchorage program terms.
Retail access	Market Based or Partner Access
Institutional access	Approved Participant Direct
Minimum amount	Program terms dependent.
Fee	Program and network terms apply.
Settlement time	Program and banking rails dependent.
Regional limits	Federal stablecoin, onboarding, jurisdiction, and distribution restrictions apply.

Current status: Institutional Only
Settlement asset: USD
Eligible parties: Approved institutional customers and distribution participants under Anchorage program terms.
Retail access: Market Based or Partner Access
Institutional access: Approved Participant Direct
Minimum amount: Program terms dependent.
Fee: Program and network terms apply.
Settlement time: Program and banking rails dependent.
Regional limits: Federal stablecoin, onboarding, jurisdiction, and distribution restrictions apply.

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
Not yet recorded	Tether / USA₮	Official Launch and Reserve Context	Cash, Government Securities, Mixed	Medium

Tether / USA₮

Not yet recorded

Type: Official Launch and Reserve Context
Assets covered: Cash, Government Securities, Mixed
Record confidence: Medium

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Network record state	Standard	Public deployment category	Canonical deployment type	Operational state	Recorded status	Change or proposal state	Canonicality	Canonicality record state	Verification state	Contract identity state	Contract or identifier	Freeze	Blacklist	Control events	Notes
Ethereum	Specific network recorded	ERC-20	Issuer- or institution-supported deployment	Issuer Supported Token	Active	Active	No separate change state recorded	Issuer-native deployment	Canonicality recorded	Source-linked record; identifier not recorded	Identifier not recorded	Identifier not recorded	Not yet recorded	Not yet recorded	0	Official material confirms Ethereum support; canonical contract and authority details remain unresolved.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

4 source identities · 4 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
Tether announces the launch of USA₮ Published 2026-01-27	Tether	Official statement or announcement Canonical: Official Blog	Subject-controlled source	Primary source	Launch Date, Identity, Issuer, Regulatory Context, Launch Identity and Issuer	Archive index or wildcard	High
USA₮ official site Published Not yet recorded	USA₮	Official documentation or product page Canonical: Official Documentation	Subject-controlled source	Primary source	Identity, Product, Access, Issuer Role, Identity Product and Access	Archive index or wildcard	High
Tether unveils planned U.S.-regulated stablecoin USA₮ Published Not yet recorded	Tether	Official statement or announcement Canonical: Official Blog	Subject-controlled source	Primary source	Issuer, Brand owner, Regulatory Context, Identity Boundary, Issuer Brand and Regulatory Plan	Archive index or wildcard	High
Tether supports Anchorage Digital, issuer of USA₮ Published Not yet recorded	Tether	Official statement or announcement Canonical: Official Blog	Subject-controlled source	Primary source	Issuer, Organization Relationship, Brand Support, Issuer and Organization Relationship	Archive index or wildcard	High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Complete Anchorage Issuance and Redemption Terms	Complete primary issuance, redemption, fee, settlement, eligibility, and holder-right terms have not been normalized.	Unknown after review	High	2026-06-26
Reserve Composition Custody and Segregation	Exact reserve allocation, eligible instruments, custody, safeguarding, and segregation are not fully normalized.	Unknown after review	High	2026-06-26
Canonical Contract and Authority Map	Canonical contract, mint authority, freeze authority, upgrade controls, and version history remain unresolved.	Unknown after review	High	2026-06-26
Complete Attestation Archive	The complete recurring reserve-report and attestation archive has not been normalized.	Unknown after review	Medium	2026-06-26
Current Distribution and Access Eligibility	Current institutional and retail distribution, onboarding, partner, and jurisdiction eligibility remain incomplete.	Unknown after review	Medium	2026-06-26

Complete Anchorage Issuance and Redemption Terms

Complete primary issuance, redemption, fee, settlement, eligibility, and holder-right terms have not been normalized.

Value state: Unknown after review
Priority: High
Last checked: 2026-06-26

Reserve Composition Custody and Segregation

Exact reserve allocation, eligible instruments, custody, safeguarding, and segregation are not fully normalized.

Value state: Unknown after review
Priority: High
Last checked: 2026-06-26

Canonical Contract and Authority Map

Canonical contract, mint authority, freeze authority, upgrade controls, and version history remain unresolved.

Value state: Unknown after review
Priority: High
Last checked: 2026-06-26

Complete Attestation Archive

The complete recurring reserve-report and attestation archive has not been normalized.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-06-26

Current Distribution and Access Eligibility

Current institutional and retail distribution, onboarding, partner, and jurisdiction eligibility remain incomplete.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-06-26

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

No separate model-change event is currently recorded.

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2026-01-27	USA₮ officially launches	Launch and introduction	Launch	Remained active	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.