USA₮ is a stablecoin. Digital money that lives on the internet, not in a vault. It’s designed for one purpose: to always be worth one U.S. Dollar. USAT is a USD-pegged token (1:1), fully collateralized (100%) by short-term U.S. Treasury Bills. Each USAT token represents a claim backed by U.S. Treasuries held off-chain, with no rehypothecation or leverage. The issuer is Anchorage Digital, a U.S.-regulated digital asset institution. Jurisdiction: United States Regulatory framework: GENIUS Act (U.S.) Structure: Regulated U.S. entity issuing a fully collateralized token backed by U.S. Treasuries Anchorage Digital acts as both issuer and custodian of the underlying U.S. Treasury Bills, operating under U.S. regulatory oversight. Periodic disclosures and attestations are provided via separate documentation.