Tether USAT launches on Celo as second mainnet

Tether’s US-focused USAT stablecoin has launched on Celo, marking its second mainnet deployment after Ethereum and extending the token to a network widely used for digital-dollar payments. Summary USAT now supports native minting and burning on Celo rather than relying solely on bridged tokens. Celo users can pay network gas fees with USAT through the blockchain’s CIP-64 fee abstraction. USAT has reached a market capitalization of about $185 million since launching in January. Tether recently led a $7 million Pact Labs round to expand USAT into US payroll payments. USAT adds native issuance and gas payments on Celo Tether announced the USAT deployment on Wednesday, several months after the two companies disclosed plans for the launch in March. Celo becomes the stablecoin’s second supported mainnet following its initial rollout on Ethereum. BREAKING: USA₮ is now live on Celo!The US Dollar-backed stablecoin issued by @Anchorage & supported by @Tether is deployed on Celo, the most widely adopted network for stablecoin payments — with mint, burn & gas currency support on day oneWhy Celo & how to get USA₮ ↓ pic.twitter.com/KiIgpoCM7B— Celo (@Celo) July 29, 2026 USAT holders ...