- BitMart to launch trading pair USAT/$USDT on January 28, 2026, effective 5:00 AM UTC.
- The stablecoin segment is dominating with $315.49 billion in market cap.
- The USAT listing comes when the US Dollar has plunged to a near 4-year low.
BitMart, a digital asset exchange platform, has announced that it will list a trading pair of USAT. Deposits are available with trading scheduled to go live soon. The development comes at a time when the US Dollar has dropped to a near 4-year low. BitMart earlier listed a trading pair of KABOSU.
USAT on BitMart
BitMart has announced that it will use the USAT/$USDT trading pair on its platform on January 28, 2026. It has initiated the deposit facility, and the trading function is scheduled to go live at 5:00 AM UTC on the said date. The withdrawal feature will be enabled on January 29, 2026, at 6:00 AM UTC. Its trading zone, per the announcement, is Potential/USD.
Issued by Tether in association with Anchorage Digital Bank N.A, USAT was launched in January 2026 specifically to comply with the GENIUS Act. The 1:1 US Dollar backed stablecoin is known to be supported by liquid reserves like Treasury Bills.
The announcement about the USAT listing comes hours after BitMart confirmed listing the KABOSU/$USDT pair on the platform.
US Dollar Weakens
US President Donald Trump recently brushed off reports citing that the Dollar was getting weak. However, an article by Reuters underlines that the US Dollar reached near its 4-year low on Wednesday. The article further mentions that the dollar index has jumped by 0.22% to 96.114 in comparison to the previous session’s value of 95.566.
Kyle Rodda, a market analyst at Capital.com, interacted with the media and called it a crisis of confidence in the US Dollar, adding that the weakness could persist while the Trump administration sticks with its erratic trade, economic, and foreign policies. All attention is on the policy decision of the US Federal Reserve.
Dominance of Stablecoin Segment
The stablecoin segment, amid the new listing by BitMart and weakening of the US Dollar, has dropped by around 0.09% to $315.49 billion in market cap. The trading volume has surged by 8.63%. Tether’s $USDT is still at the top with a market cap of approximately $186.15 billion. This has placed it in the 3rd position on the list of global cryptocurrencies.
Meanwhile, the stablecoin segment is witnessing a fresh contest from World Liberty Financial’s USD1. It just surpassed PayPal’s PYUSD to boost a market cap of $1.21 billion for the 24th position.
