Tether's USAT Stablecoin Expands Beyond Ethereum Mainnet to Celo
Tether announced Tuesday that the USAT stablecoin has expanded to the Celo blockchain, an Ethereum layer-2 scaling network, marking the regulated digital dollar's first deployment beyond the Ethereum mainnet. The launch brings USAT—a stablecoin issued by Anchorage Digital and targeted at the U.S. market—to Celo, with Google Cloud providing infrastructure support alongside plans for the stablecoin to serve as a gas currency on the layer-2 network.