Tether's USAT Stablecoin Launches on Celo
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Insights by Echo AI
Tether's GENIUS Act-compliant stablecoin USAT has launched on Celo, marking its first expansion beyond Ethereum. Issued by Anchorage Digital Bank, USAT supports native minting and burning on Celo and can be used directly to pay gas fees. Launched in January, USAT currently has a market capitalization of approximately $185 million.
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