Tether backed USA₮ expands to Celo in first move beyond Ethereum
Crypto Briefing
The Tether-supported stablecoin USA₮ is expanding to the Celo blockchain, marking its first deployment outside of the Ethereum network.Summary
USA₮, a US-regulated stablecoin issued by Anchorage Digital Bank and supported by Tether, has expanded to the Celo blockchain. This move represents the token's first deployment beyond Ethereum, aiming to leverage Celo's mobile-first infrastructure and high volume of stablecoin payments. Celo, which functions as an Ethereum layer 2, is noted for its fee abstraction features and significant real-world adoption, including widespread use of stablecoins through platforms like Opera's MiniPay. The rollout also integrates Google Cloud infrastructure to support programmable transfers and compliance-focused applications.
(Source：Crypto Briefing)