Tether USAT Expands to Celo Network with Native Minting and Gas Fee Support

Tether deploys USAT on Celo, enabling native minting, burning, and gas payments. This marks the second non-Ethereum expansion, enhancing liquidity and utility for mobile-first DeFi applications.

Woofun AI reports that Tether has deployed its USAT stablecoin on the Celo network, marking the second blockchain outside of Ethereum to support the token. The integration enables native minting and burning functions, allowing users to create and redeem tokens directly on-chain.

Additionally, USAT can now be used to pay gas fees on Celo. This expansion supports Tether’s multi-chain strategy, aiming to increase accessibility and resilience for trading, remittances, and value storage. The move positions USAT to compete with established stablecoins like USDC and DAI across various Layer 1 and Layer 2 networks.