Tether Expands USAT Stablecoin to Celo Network

Tether USAT has launched on Celo for the first time, expanding its U.S.-compliant dollar stablecoin beyond Ethereum.

The launch comes after Tether's flagship USDT accounted for 28% of transfers across blockchains in Celo, a network seeing heavy stablecoin use.

Celo recorded 67% user growth in the second quarter of 2026 and has hundreds of thousands of daily users, providing USAT with a ready-made user base.

The Celo launch also allows for native mint and burn functions on the network, as well as the use of USAT to pay blockchain gas fees through Celo's fee abstraction system.