Tether's USA₮ Launches on Celo, Expanding Digital Dollar Payments

Tether's US-focused stablecoin, USA₮ (USAT), has launched on Celo, its second mainnet deployment after Ethereum. This move extends the token to a network widely used for digital-dollar payments.

Celo users can now pay network gas fees with USAT through the blockchain's CIP-64 fee abstraction. The token has reached a market capitalization of about $185 million since launching in January, and Tether recently led a $7 million Pact Labs round to expand USAT into US payroll payments.

The deployment marks a significant milestone for USA₮, which is designed to operate in environments where digital dollars are already being used at scale. Celo has become Tether's largest USDT distribution network by weekly active users since the flagship stablecoin launched on the blockchain in 2024.