USDat is Ethena and Anchorage's GENIUS-compliant dollar — the stablecoin built specifically to fit the US stablecoin law's rails, issued through a federally-chartered crypto bank rather than a foreign issuer. The deployment 0x23238f20b894f29041f48d88ee91131c395aaa71 is the Ethereum mint; our October 6, 2026 snapshot reads $4.7 million of tracked pool liquidity.
The honest note: GENIUS-compliant is a regulatory shape, not a risk verdict — it means the reserve structure (T-bills, qualified custodian, redemption terms) is defined by the same law that governs every US-compliant stable, which makes USDAT's backing more legible than most but no more guaranteed. What it buys Ethena is a US-legal distribution path for the stable stack that made USDe; what it buys a holder is boring, verifiable reserves.
Figures are HostDeFi's read dated October 6, 2026; the live scan refreshes them.
Balance concentration: the 10 largest token accounts hold 99.67% of USDAT's supply as of 2026-09-27 — a heavily concentrated distribution — a handful of accounts can move or exit this market at will. Note these are token accounts: liquidity pools, exchange wallets and lockers count among them, so read this together with liquidity, not instead of it.
Price and safety history of USDAT
Every dated snapshot we hold for USDAT — price, market structure and grade, as measured, with nothing interpolated between them.
Date
Price
Market cap
Liquidity
Holders
Grade
2026-10-17
$0.9995
$101.01M
$2.16M
1,639
B
2026-10-16
$1.00
$101.11M
$2.16M
1,639
B
2026-10-15
$0.9993
$94.64M
$2.29M
1,639
B
2026-10-14
$0.9989
$97.21M
$2.55M
1,639
B
2026-10-13
$1.00
$98.66M
$3.43M
1,639
B
2026-10-12
$1.00
$99.76M
$3.29M
1,639
B
2026-10-11
$0.9995
$99.65M
$3.29M
1,639
B
2026-10-10
$0.9995
$99.29M
$3.26M
1,639
B
2026-10-09
$1.00
$95.87M
$3.64M
1,639
B
2026-10-08
$0.9996
$93.53M
$3.29M
1,639
B
2026-10-07
$1.00
$94.21M
$3.42M
1,639
B
2026-10-06
$0.9998
$94.31M
$3.87M
1,639
B
2026-10-05
$1.00
$93.87M
$4.75M
1,639
B
2026-10-04
$1.00
$92.43M
$4.43M
1,639
B
2026-10-03
$1.00
$91.16M
$4.25M
1,639
B
2026-10-02
$1.00
$90.16M
$4.26M
1,639
B
2026-10-01
$0.9995
$87.87M
$4.21M
1,639
B
2026-09-30
$0.9995
$85.64M
$4.20M
1,639
B
2026-09-29
$0.9999
$84.14M
$4.12M
1,639
B
2026-09-27
$0.9994
$82.51M
$4.70M
1,639
B
2026-09-26
$1.00
$72.85M
$5.00M
1,639
B
2026-09-21
$1.00
$73.30M
$5.00M
1,639
B
2026-09-14
$1.00
—
$9.30M
—
B
2026-09-07
$1.00
—
$9.34M
—
B
Contract
0x23238f20b894f29041f48d88ee91131c395aaa71
Verify USDAT by this address, never by name or ticker.
Put the USDAT grade on your site
Free, no signup — the badge stays updated with each refresh.
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FAQ
Is USDAT a safe token?
As of the 2026-10-09 snapshot, USDAT scores 80/100 (grade B) on HostDeFi's on-chain read — based on a contract that has unconfirmed mint controls, has unconfirmed freeze and blacklist controls, liquidity of $4.70M and 1,639 holders, with the creator wallet holding <0.01% of supply. That grades contract and market structure, not price direction — a clean read is not a guarantee, so re-scan before trading, since on-chain state can change.
Can you sell USDAT, or is it a honeypot?
Our Ethereum read covers market structure, not sell-side contract behaviour like honeypots or transfer taxes, as of 2026-10-09. Before assuming you can exit freely, run the live scan above — it reads the contract directly.
Who holds most of USDAT?
The wallet that created USDAT holds <0.01% of the supply as of 2026-10-09 — a small stake, under the 5% the scanners flag. That sits alongside a holder base of 1,639; a broad base lowers the odds that any one seller can steer the price, but the creator's share is the number to watch first.
Can USDAT's supply be inflated?
This snapshot grades market structure only — contract-level supply controls on Ethereum aren't assessed here yet. Run the live scanner, which reads the contract in real time.
What is the USDAT contract address?
The USDAT contract address on Ethereum is 0x23238f20b894f29041f48d88ee91131c395aaa71. Always verify a token by its contract address, not its name or ticker — scam clones copy tickers, but the address is unique.
Where can you buy USDAT safely?
Run the live on-chain scan at the top of this page first; if USDAT clears, you can swap it here directly. Whatever venue you use, match the contract address (0x23238f20b894f29041f48d88ee91131c395aaa71) exactly before trading — copying the ticker is how clone scams catch buyers, and the address is the one field they can't fake.
HostDeFi is an educational risk tool, not financial advice. Figures are a dated on-chain snapshot and can change; a clean read is not a guarantee. Always do your own research. Free · no signup · a HostDeFi product