Celo Blockchain Launches Program for Regulated Digital Dollars

A new program has been launched on the Celo blockchain by Self, USA₮, and Google Cloud. This initiative aims to provide accessible digital dollars while maintaining strong privacy and compliance standards.

The program distributes USA₮, a regulated dollar-backed stablecoin, directly to verified users without exposing personal data. Users prove their identity and compliance with sanctions lists cryptographically using Self's zero-knowledge proof technology.

USA₮ is backed by Anchorage Digital Bank and Tether and supports native minting and burning on Celo. It also functions as a gas currency on the platform.