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Tether’s USDT Stablecoin Launches on Celo

Twitter icon  •  Published vor 1 Monat  •  Hassan Maishera

Celo announced via X on Monday that Tether’s USDT stablecoin is now available on the Celo blockchain.

Celo announced via X on Monday that Tether’s USDT stablecoin is now available on the Celo blockchain. The Tether team said this USDT integration aims to boost cross-border payments and peer-to-peer transactions in developing regions.

Celo is currently migrating from a standalone blockchain to a new layer-2 atop Ethereum. The team added that a Celo community-focused forum will propose using USDT as a gas currency, which will help make transactions more efficient within dApps. USDT is already live on several blockchains, including Ethereum, BNBChain, Polygon, Avalanche, Near, Tron, and others. 

Celo is an open platform that supports various distributed applications, smart contract development and payments using e-mail addresses and phone numbers as public keys. CELO is up by more than 41% in the last 24 hours and is currently trading at $1.6235.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.