Tether's USDT Now Available on Celo
Tether's USDT, the largest stablecoin by market value, is now available on the mobile-focused layer-1 platform Celo. Celo is transitioning from a standalone blockchain to a new layer-2 atop Ethereum and offers multiple stable assets to users globally, particularly in emerging markets. The integration of USDT on Celo will expand the use cases for stable assets on the platform, including remittances, savings, lending, and cross-border payments. A Celo community-focused forum will propose using USDT as a gas currency to make transactions more efficient within decentralized apps. Tether is already live on several other layer-1 networks, including Avalanche, Polygon, and Near. In January, stablecoin issuer Circle launched USDC on the Celo network.
