USAT (USA₮) is a stablecoin with a value pegged to the US dollar, designed to facilitate compliant institutional-level on-chain settlements. Its target value is anchored at a 1:1 ratio to the US dollar and is fully backed by collateralized short-term US Treasury bonds. USAT is issued by the project team in collaboration with a US federally regulated digital asset bank and is positioned as a stablecoin framework product compliant with the GENIUS Act requirements. This stablecoin is issued on Ethereum and adopts the ERC-20 token standard, leveraging the highest institutional liquidity and the most widely used smart contract settlement network. USAT does not distribute earnings to token holders and is designed to serve as a principal-guaranteed digital cash equivalent for exchanges and institutions....