Tether compliant stablecoin USA₮ officially launched on Celo, marking the second mainnet deployment after Ethereum

According to The Block, Tether's compliant stablecoin USA₮ (USAT) has officially launched on the Celo mainnet, marking its second mainnet deployment after Ethereum. The token is issued by Anchorage Digital Bank and can be natively minted and redeemed on Celo, and can be directly used for on-chain gas payments through Celo's fee abstraction mechanism.

USAT launched in January this year, with a current market capitalization of approximately $185 million.