Tether’s GENIUS-compliant USAT stablecoin launches on Celo, marking first expansion beyond Ethereum
The Block·
60-second summary
Tether is launching its GENIUS-compliant USAT stablecoin on Celo, expanding beyond Ethereum for the first time. This USAT stablecoin can be used to pay for gas on the blockchain, eliminating the need for users to hold multiple tokens for transactions. The move is expected to increase adoption and convenience for users, potentially driving growth in the Celo ecosystem.
USAT can be used to pay for gas on the blockchain, meaning users will not have to hold multiple tokens to make USAT transactions.