Gate News bot message. According to Gate official announcement dated March 26, 2026: Gate will launch USAT spot trading on March 26, 2026 at 17:00 (UTC+8), with the trading pair USAT/USDT. USAT is a stablecoin pegged 1:1 to the US dollar, backed by full reserve of short-term US Treasury securities, issued through a collaboration between the project and a digital asset bank regulated by the US Federal Reserve. USAT is issued on Ethereum, adopting the ERC-20 token standard, and is positioned as a stablecoin framework product compliant with the GENIUS Act requirements, aiming to achieve compliant institutional-grade on-chain settlement. The stablecoin is designed as a principal-protected digital cash equivalent for exchanges and institutions, and does not distribute returns to token holders. Gate is expected to enable USAT withdrawals on March 27, 2026 at 17:00 (UTC+8).

Tether CEO Paolo Ardoino is making the United States a core focus for expansion, with plans to complete audits by 2026. The company earned over billion in profits last year and currently holds approximately @E1@ billion in U.S. Treasury bonds. Meanwhile, Tether has launched the compliant token USAT and is investing across multiple sectors.

Odaily Planet Daily reports that Deloitte has provided the first reserve backing for Tether's USAT stablecoin. (Cointelegraph)