Tether has announced the launch of its USDT stablecoin on the Celo blockchain, a mobile-first and EVM-compatible platform. This move is seen as a significant step for Tether, which dominates 70% of the stablecoin market, as it aims to expand its reach and utility. The integration into Celo's ecosystem, particularly in countries like Kenya and Ghana, is expected to enhance the adoption and utilization of USDT. Celo's core contributors have proposed using USDT as a gas currency, further integrating it into the blockchain's operations.
Tether to launch USDT stablecoin on Celo blockchain https://t.co/zzNLxikh6O
JUST IN: @TETHER_TO JOINS FORCES WITH @CELO TO LAUNCH $USDT ON $CELO BLOCKCHAIN
Tether announced today that USDT will launch on Celo, a mobile-first and EVM-compatible blockchain network. Celo core contributor proposed the use of USDT as a gas currency. Celo's ecosystem in countries like Kenya and Ghana will help adoption and utilization of USDT.β¦
Tether Token (USDT) to Launch on @Celo Read more: https://t.co/KJ5emdMmXl https://t.co/yTDkzKnhev
Tether's USDT, the largest stablecoin by market value, has launched on the mobile-focused layer-1 platform Celo. @LedesmaLyllah reports. https://t.co/B4EU7LJ8x7
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