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Tether’s GENIUS Act-Compliant USAT Launches on Celo in…
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Tether’s GENIUS Act-Compliant USAT Launches on Celo in First Expansion Beyond EthereumEnglish 日本語繁體中文한국어PortuguêsไทยItalianoFrançaisDeutschEspañolTether has expanded its GENIUS Act-compliant USAT stablecoin to the Celo blockchain, marking the token’s first deployment beyond Ethereum and extending its reach into one of the industry’s fastest-growing mobile-focused payment networks.
By moving onto Celo, Tether aims to broaden access to compliant digital-dollar payments while leveraging a blockchain optimized for low-cost transactions and mobile adoption.
Celo Offers Mobile Payments and Stablecoin ScaleCelo was selected because of its strong focus on payments and existing stablecoin activity.
Networks offering lower fees and faster settlement have become increasingly attractive as stablecoin payments expand into remittances, merchant payments and decentralized finance.
Although Ethereum is expected to remain USAT’s primary blockchain, the Celo deployment demonstrates that Tether intends to pursue a multi-chain strategy from the outset.