{"id":35834,"date":"2026-07-29T20:29:58","date_gmt":"2026-07-29T20:29:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/tether-usat-launches-on-celo-as-second-mainnet\/"},"modified":"2026-07-29T20:30:22","modified_gmt":"2026-07-29T20:30:22","slug":"tether-usat-launches-on-celo-as-second-mainnet","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/tether-usat-launches-on-celo-as-second-mainnet\/","title":{"rendered":"Tether USAT launches on Celo as second mainnet"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Tether\u2019s US-focused USAT stablecoin has launched on Celo, marking its second mainnet deployment after Ethereum and extending the token to a network widely used for digital-dollar payments.<\/p>\n<div id=\"cn-block-summary-block_6beb3d07dc6e888773b498781b94cc79\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li><strong>USAT now supports native minting and burning on Celo<\/strong> rather than relying solely on bridged tokens.<\/li>\n<li>Celo users can pay network gas fees with USAT through the blockchain\u2019s <strong>CIP-64 fee abstraction<\/strong>.<\/li>\n<li>USAT has reached a <strong>market capitalization of about $185 million<\/strong> since launching in January.<\/li>\n<li>Tether recently led a <strong>$7 million Pact Labs round<\/strong> to expand USAT into US payroll payments.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">USAT adds native issuance and gas payments on Celo<\/h2>\n<p>Tether announced the USAT deployment on Wednesday, several months after the two companies disclosed plans for the launch in March. Celo becomes the stablecoin\u2019s second supported mainnet following its initial rollout on Ethereum.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: USA\u20ae is now live on Celo!<\/p>\n<p>The US Dollar-backed stablecoin issued by <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/Anchorage?ref_src=twsrc%5Etfw\">@Anchorage<\/a> &amp; supported by <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/tether?ref_src=twsrc%5Etfw\">@Tether<\/a> is deployed on Celo, the most widely adopted network for stablecoin payments \u2014 with mint, burn &amp; gas currency support on day one<\/p>\n<p>Why Celo &amp; how to get USA\u20ae \u2193 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/KiIgpoCM7B\">pic.twitter.com\/KiIgpoCM7B<\/a><\/p>\n<p>\u2014 Celo (@Celo) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/Celo\/status\/2082466964195483817?ref_src=twsrc%5Etfw\">July 29, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>USAT holders will be able to use native mint-and-burn functions on Celo. Native issuance reduces the need to move tokens through third-party bridges, which can introduce additional technical and custody risks.<\/p>\n<p>The token can also be used to pay transaction fees on the network. Celo introduced this function through its CIP-64 upgrade, which allows approved ERC-20 tokens to serve as gas currencies instead of requiring users to hold a separate network token.<\/p>\n<p>\u201cExpanding USA\u20ae to Celo was a deliberate decision,\u201d Tether US CEO Bo Hines said in a statement.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cUSA\u20ae is designed to operate in environments where digital dollars are already being used at scale, and that is what Celo has built, with hundreds of thousands of people transacting on the network every day.\u201d<\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Celo already handles 28% of cross-chain USDT transfers<\/h2>\n<p>Celo has become Tether\u2019s largest USDT distribution network by weekly active users since the flagship stablecoin launched on the blockchain in 2024, according to the announcement.<\/p>\n<p>The network accounts for 28% of cross-blockchain USDT transfers. It also holds more than 90% of the market for XAUt0, the omnichain version of Tether Gold.<\/p>\n<p>Tether\u2019s transparency data lists about $470 million in authorized USDT on Celo, making it the token\u2019s eighth-largest supported blockchain by that measure. Authorized tokens include inventory available for future issuance and do not necessarily represent the amount currently circulating.<\/p>\n<p>Separate market estimates place Celo\u2019s total circulating stablecoin supply near $136 million. USDT accounts for about $78.8 million, giving Tether a 57.6% share of that market.<\/p>\n<p>Opera has also launched a self-custodial stablecoin wallet on Celo with Tether\u2019s support. The product has reportedly reached more than 18 million users worldwide.<\/p>\n<h2 class=\"wp-block-heading\">USAT targets regulated dollar payments in the US<\/h2>\n<p>USAT launched in January and has grown to a market capitalization of about $185 million. That remains a small fraction of USDT\u2019s roughly $180 billion supply, but the two tokens serve different markets.<\/p>\n<p>Tether designed USAT around the requirements of the US GENIUS Act. The stablecoin maintains reserves in cash or liquid cash equivalents, including US Treasury securities, to support one-to-one redemptions.<\/p>\n<p>Anchorage Digital Bank, a federally chartered crypto bank supervised by the Office of the Comptroller of the Currency, issues the token. Hines joined Tether US after serving as executive director of the President\u2019s Council of Advisers on Digital Assets from January through August 2025.<\/p>\n<p>The regulated structure places USAT at the center of Tether\u2019s effort to expand beyond crypto trading and into everyday US payments.<\/p>\n<h2 class=\"wp-block-heading\">Tether extends USAT into the $11 trillion payroll market<\/h2>\n<p>As crypto.news reported in mid-July, Tether led Pact Labs\u2019 $7 million Series A funding round alongside Blockchange Ventures and Lasagna. The deal aims to integrate USAT into payroll and payment systems used by American employers.<\/p>\n<p>Pact Labs plans to let businesses process wages through blockchain payment rails while adding embedded digital wallets and related financial services. Tether is targeting a US payroll market that processes more than $11 trillion annually.<\/p>\n<p>Celo\u2019s low fees, mobile-focused design and existing stablecoin activity could provide another settlement network for those applications. The blockchain began as a Layer 1 in 2020 before moving to an Ethereum Layer 2 built on the OP Stack in March 2025.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether\u2019s US-focused USAT stablecoin has launched on Celo, marking its second mainnet deployment after Ethereum and extending the token to a network widely used for digital-dollar payments. Summary USAT now&hellip;<\/p>\n","protected":false},"author":1,"featured_media":35835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-35834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/35834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=35834"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/35834\/revisions"}],"predecessor-version":[{"id":35836,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/35834\/revisions\/35836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/35835"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=35834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=35834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=35834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}