Tether's Regulatory Compliant Stablecoin USAT Goes Live on Celo, Marking Second Mainnet Deployment After Ethereum

July 29th, Tether's compliant stablecoin USAT has been launched on Celo, marking its second mainnet deployment after Ethereum.

The token is issued by Anchorage Digital Bank, and can be natively minted and redeemed on Celo, with the ability to be directly used for on-chain Gas payments through Celo's fee abstraction mechanism. USAT was launched in January this year and currently has a market capitalization of approximately $185 million.