{
  "url": "https://blockindex.ai/coin/usat",
  "name": "USA₮",
  "links": {
    "github": null,
    "website": "https://usat.io/",
    "whitepaper": null
  },
  "dScore": 50,
  "market": {
    "priceUsd": 0.9985875980027124,
    "marketCapUsd": 187220438.96761864,
    "volume24hUsd": 2964462.51102675,
    "priceChange7dPct": 0.01193172,
    "priceChange24hPct": -0.00930194
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 187485243.5,
    "circulatingPct": null
  },
  "ticker": "USAT",
  "founder": "N/A",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:25.457911+00:00",
  "fairLaunch": false,
  "launchYear": 2025,
  "description": "USA₮ / USAT is a U.S.-regulated, U.S.-dollar-pegged stablecoin designed to maintain a 1:1 value with the U.S. dollar. It is positioned as internet-native digital money focused on price stability, payments, settlement, and regulated institutional use rather than speculative appreciation. The available source data identifies Anchorage Digital Bank, N.A. as the issuer of record and describes Tether as contributing the USAT brand, distribution reach, and engineering support. Bo Hines is publicly named as CEO of the Tether USAT entity. The project is framed around compliance with the U.S. GENIUS Act stablecoin framework, with a launch date listed by CryptoCompare as December 12, 2025 and Ethereum live deployment referenced on January 27, 2026.\n\nTechnically, USAT is not an independent blockchain. It is an ERC-20 token deployed on Ethereum at contract address 0x07041776f5007ACa2A54844F50503a18A72A8b68 with 6 decimals. Because it relies on Ethereum for settlement, consensus, block production, and transaction finality, USAT has no native mining algorithm, native validator set, UTXO structure, staking reward system, block reward, or independent full-node network. Its core technical model centers on token issuance and redemption, off-chain reserve custody, 1:1 dollar backing, and Ethereum smart-contract transferability. Confirmed infrastructure visibility includes Etherscan tracking for the Ethereum contract, while broader token support is documented through wallets and exchanges.\n\nUSAT's primary use cases are stable dollar transfers, institutional settlement, exchange liquidity, payments, and access to Ethereum-based markets while remaining tied to a regulated U.S. issuer and reserve model. Wallet support in the extracted data spans hardware, desktop, mobile, browser extension, and custodial categories, including Ledger, Electrum, MetaMask, Phantom, Argent, and exchange wallets. Exchange coverage includes major centralized venues such as Bybit, Kraken, Bitfinex, Coinbase, OKX, MEXC, Binance, Crypto.com, Bitget, and GroveX, along with decentralized exchange availability through Curve. Market data in the summary shows USAT trading near its intended peg with roughly $157M in market capitalization and multimillion-dollar daily trading volume.\n\nUSAT's economic design is an asset-backed stablecoin model rather than a fixed-supply cryptocurrency model. The token is described as collateralized by short-term U.S. Treasury Bills and cash-equivalent reserves, with each token intended to represent a claim backed by off-chain reserves. Source data states no rehypothecation or leverage, and public descriptions reference reserves held through Cantor Fitzgerald and monthly attestation expectations under the GENIUS Act framework. Max supply is not hard-capped because supply can expand or contract through minting and redemption against reserves. No pre-mine or public initial distribution percentage is documented in the provided summaries.\n\nGovernance is centralized around the issuer and associated corporate entities rather than a DAO or token-voting system. Anchorage Digital Bank handles issuer functions such as minting, burning, and redemption, while Tether is associated with branding, engineering, and distribution. There is no documented on-chain governance, community treasury, open-source repository, or protocol voting mechanism for USAT itself. The roadmap described in the source data emphasizes expansion to additional major blockchains over time, regulated U.S. institutional usage, payments, settlement, DeFi access, and broader wallet and exchange availability.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "Other",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 9,
    "governance": 16,
    "nodeDistribution": 0,
    "initialDistribution": 25
  },
  "decentralizationVerdict": "Moderately Decentralized"
}