Tether’s compliant stablecoin USA₮ (USAT) has officially launched on the Celo mainnet, according to The Block. The move marks the token’s second mainnet deployment after Ethereum. Issued by Anchorage Digital Bank, USAT can be natively minted and redeemed on Celo. It can also be used to pay onchain gas fees through Celo’s fee abstraction mechanism. USAT first launched in January this year and currently has a market capitalization of about $185 million. The rollout extends the token’s availability beyond Ethereum while adding native functionality on Celo for issuance, redemption, and gas payments.
Tether’s compliant stablecoin USA₮ (USAT) has officially gone live on the Celo mainnet, according to The Block. It is the token’s second mainnet deployment after Ethereum.
USAT is issued by Anchorage Digital Bank. On Celo, the token can be natively minted and redeemed, and it can also be used directly to pay onchain gas fees through Celo’s fee abstraction mechanism.
USAT launched in January this year and currently has a market capitalization of about $185 million.
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