Tether Expands GENIUS-Compliant USA₮ Stablecoin to Celo With Native Gas Support
Share:
Tether launched its regulated USA₮ stablecoin natively on the Celo blockchain, making Celo the second network after Ethereum to support USA₮ and enabling built-in gas payments so users no longer need a separate network token. USA₮ operates under Anchorage Digital Bank and GENIUS Act rules with reserves safeguarded by Cantor Fitzgerald, a move that boosts Celo’s stablecoin adoption and cross-border payment utility as it already processes 28% of USD₮ transfers across chains.
Predictions Markets
See what traders are focused on
Tether has expanded its regulated stablecoin strategy by launching USA₮ on the Celo blockchain, giving users immediate access to a dollar-backed digital asset designed for everyday payments. The rollout makes Celo the second blockchain after Ethereum to support native USA₮ while introducing built-in gas fee payments using the stablecoin itself.
Consequently, users no longer need to acquire a separate network token before sending transactions. The launch also strengthens Celo’s growing position as a leading network for stablecoin activity and cross-border financial services.
Celo Expands Stablecoin Infrastructure
USA₮ operates under Anchorage Digital Bank, N.A. and follows the requirements of the GENIUS Act. Additionally, Cantor Fitzgerald safeguards the reserves supporting the stablecoin.
Celo already processes 28% of all USD₮ transfers across blockchains…
Read The Full Article Tether Expands GENIUS-Compliant USA₮ Stablecoin to Celo With Native Gas Support On Coin Edition.
Read More
Tether and Nairobi Securities Exchange Partner to Advance Tokenized Finance in Kenya
