Tether’s GENIUS Act-Compliant USAT Stablecoin Debuts On Celo, First Step Beyond Ethereum

Open USD Adds Ethereum to Its Multichain Rollout

The July 30 announcement from Ethereum Institutional confirms the network’s inclusion and highlights its role in the stablecoin’s business-focused settlement infrastructure. As we previously reported, more than 140 companies have joined Open Standard, including Visa, Mastercard, Stripe, BlackRock and BNY. Under the proposed model, most reserve income would be shared with businesses that distribute and use the stablecoin instead of remaining enti…

Tether’s GENIUS Act-Compliant USAT Launches on Celo in First Expansion Beyond Ethereum

Tether has expanded its GENIUS Act-compliant USAT stablecoin to the Celo blockchain, marking the token’s first deployment beyond Ethereum and extending its reach into one of the industry's fastest-growing mobile-focused payment networks. The launch represents the first multi-chain expansion for USAT since Tether introduced the regulated stablecoin earlier this year to serve the US market under the framework established by the GENIUS Act. By movi…

Tether’s USA₮ Launches on Celo With Stablecoin Gas Fees

Tether’s U.S. dollar-pegged stablecoin, USA₮, has launched on the Celo blockchain with native minting, burning, and transaction fee payment capabilities available from the start. The deployment makes Celo the second blockchain to support USA₮ as a native asset after Ethereum. The integration is designed to simplify stablecoin transactions by allowing users to pay network fees directly in USA₮ rather than requiring them to hold Celo’s native toke…

William Quigley: The VC Behind Tether and WAX

William Quigley is an American venture capitalist and cryptocurrency entrepreneur who co-founded Tether and now serves as CEO of WAX, a blockchain platform built for ...

Tether’s GENIUS Act-Compliant USAT Stablecoin Debuts On Celo, First Step Beyond Ethereum

The stablecoin market has been dominated by a handful of dollar-pegged assets running largely on Ethereum. Tether’s USAT, a newer entrant that arrived in January with built-in regulatory compliance, is now breaking that pattern. On July 29, USAT expanded to Celo, an EVM-compatible layer-1 network focused on mobile payments, according to WuBlockchain. Issued by Anchorage Digital Bank, a federally chartered crypto bank, USAT is designed to meet th…

Tether USAT Launch on Celo Beyond Ethereum for First Time

The post Tether USAT Launches on Celo Going Beyond Ethereum for First Time appeared first on Coinpedia Fintech News Tether is taking its GENIUS Act-compliant USAT stablecoin beyond Ethereum for the first time, and it has picked a network already seeing heavy stablecoin use. The launch on Celo could give USAT access to millions of users, easier fee payments and a faster route into everyday digital-dollar transactions. Why Tether Chose Celo for US…