Audio generation and audio-to-text understanding remain largely separate, with diffusion models dominating high-fidelity synthesis and autoregressive (AR) language models driving captioning and semantic prediction. Existing unified approaches typically rely on either heterogeneous modules or AR-centric modeling, which can hinder joint optimization and limit acoustic fidelity. We present UAT, to our knowledge, the first diffusion-centric framework that supports unified audio generation, editing, and captioning. UAT couples continuous latent diffusion for audio with masked discrete diffusion for text, enabling bidirectional audio-text modeling within a shared dual-stream backbone. Experiments show that UAT preserves strong audio generation and editing capabilities while achieving competitive captioning performance, demonstrating a favorable balance between acoustic synthesis and semantic prediction. Demo samples are available at https://UAT-demo.github.io.