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Tether's USAT stablecoin launches on Celo with native mint, burn, and gas fee support

Market News
29 Jul 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Tether's USAT, a US-regulated stablecoin backed by Anchorage Digital Bank, launched on the Celo blockchain, marking its first deployment outside Ethereum. The launch includes native minting, burning, and planned gas fee payments directly in USAT, simplifying use for Celo's mobile-first users in emerging markets. This move targets Celo's 4.2 million weekly active USDT users and aims to improve accessibility by removing the need to hold Celo's native token for transactions. The expansion highlights Tether's strategy to offer both regulated payment stablecoins and offshore trading stablecoins, with Anchorage providing regulatory compliance and trust.

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