Tether Launches USAT Stablecoin on Celo Blockchain

Tether's USAT stablecoin has launched on the Celo blockchain, marking its first deployment outside of Ethereum. This move is part of Tether's strategy to offer both regulated payment stablecoins and offshore trading stablecoins.

The launch includes native minting, burning, and planned gas fee payments directly in USAT, which will simplify use for Celo's mobile-first users in emerging markets.

This expansion targets Celo's 4.2 million weekly active USDT users and aims to improve accessibility by removing the need to hold Celo's native token for transactions.