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