Tether integrates native USDT on Celo mainnet

Tether integrates native USDT on Celo mainnet

Tether has added native USDT on Celo blockchain.
Celo ecosystem partners across P2P payments, lending, and remittances will leverage the stablecoin in their operations.

Tether’s USDT is now live on Celo, a mobile-first and EVM-compatible blockchain.

USDT integration on the Celo mainnet bolsters the blockchain platform’s stablecoin adoption and real-world assets (RWAs).

This expansion introduces USDT to Celo’s robust ecosystem with over 1,000 partners in 150 countries, including Opera MiniPay’s ultralight stablecoin wallet in Kenya and Ghana, among other countries,” the Celo Foundation said in a blog post.

Tether and Celo initially announced their partnership on March 11. At the time, Tether CEO Paolo Ardoino commented that USDT integration on Celo was a “significant step forward” in the company’s mission to bring crypto to millions of people around the world.

Ardoino noted Tether would leverage Celo’s unique capabilities to enhance Tether’s usability and accessibility.

Celo partners to tap into USDT

Following the USDT launch on Celo, core network contributor cLabs revealed plans for a proposal that will see the USDT stablecoin used as the official gas fee token.

Celo’s ecosystem counts more than 1,000 builders across 150 countries. More than 20 partners will tap into USDT for use cases such as on-chain savings, lending, peer-to-peer (P2P) transactions, remittances and cross-border payments.

Among Celo ecosystem partners looking to leverage the native USDT support on the blockchain include point of sale platform Ammer Pay, crypto-fiat exchange Bitmama, regulated stablecoin on/off ramp Yellow Card and DeFi platform HaloFi. 

The post Tether integrates native USDT on Celo mainnet appeared first on CoinJournal.

Leave a Reply

Your email address will not be published. Required fields are marked *


*


Verified by MonsterInsights