# Aave Labs proposes listing USAT on Ethereum v3 and v4

> USAT is now a proposed reserve on both Ethereum markets.

- URL: https://riadefi.com/on-chain/2026-10-09-aave-ethereum-usat-onboarding-25817/
- Type: Governance
- Stage: Proposed
- Evidence: confirmed
- Materiality: watch
- Event date: 2026-10-09
- Version: 2, published 2026-10-13 (first published 2026-10-10)
- Follow-up: 2026-10-20
- Advisor-relevant: no
- Affects: Aave v3 (protocol); Aave v4 (protocol)

## What happened

Aave Labs filed an ARFC to list USAT on Aave's Ethereum v3 and v4 markets.

## What changed

USAT is now a proposed reserve on both Ethereum markets.

## What did not change

Aave has not approved or executed the listing.

## Confirmed

- The proposal names the token at 0x07041776f5007ACa2A54844F50503a18A72A8b68.
- The next steps require an off-chain confirmation and an AIP.

## Still open

- Aave has not set final caps, pricing or permissions, and has not approved or executed the listing.
- Researchers have described the issuer's controls, the reserves and how holders can sell or redeem, but nobody has checked these against primary sources.

## What it means for an advisor

- Add USAT to Ketju's daily checks on Aave v3, and do not extend any approval to it until Ketju has reviewed the asset itself.
- Keep Aave v4 unapproved until the conditions in its memo for a new review are met.

## Sources

1. [[ARFC] Onboard USAT to Aave V3 Core Instance and Aave V4 Core Hub on Ethereum](https://governance.aave.com/t/arfc-onboard-usat-to-aave-v3-core-instance-and-aave-v4-core-hub-on-ethereum/25817) · Aave governance; Aave Labs · 2026-10-09


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.