PANews reported on September 13th that according to the important information disclosed on the website of the US dollar stablecoin USAT, USAT is not legal tender (pursuant to Section 5103 of Title 31 of the United States Code) and is not issued, supported, approved, or guaranteed by the U.S. government. USAT is also not insured by the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other government agency.

The USAT website is published by Tether Operations, SA de CV and is for reference only. Tether Operations, SA de CV is not the intended issuer of USAT. The issuer of USAT will be Anchorage Digital Bank, NA.