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Celo Network Officially Supports Tether (USDT)

2024-03-27 20:59
According to BlockBeats news, on March 27, the Celo Foundation announced that Tether Operations Limited (Tether) has deployed the native USDT token on the Celo mainnet. As a mobile-first, Ethereum Virtual Machine (EVM)-compatible blockchain network, Celo is quickly becoming the platform of choice for stablecoin and real-world asset (RWA) use cases. This integration not only accelerates stablecoin adoption, but also simplifies the on-chain payment experience, promoting the adoption and use of cryptocurrencies in the real world. This time USDT is introduced into Celo's robust ecosystem. Celo has established partnerships with more than 1,000 partners in 150 countries, including the Opera MiniPay ultra-light stablecoin wallet in countries such as Kenya and Ghana. Users of this wallet in Africa The number recently exceeded 2 million. Celo core contributor cLabs also outlined a proposal in a community forum post to make USDT the official gas fee currency, further streamlining the transaction process. Additionally, the following ecosystem partners have committed to leveraging native USDT on Celo upon launch: Ammer Pay, Bitmama, EthicHub, Fonbnk, HaloFi, Huma Finance, impactMarket, Jia, Jumptask, Kotani Pay, Mento, PayChant, Quipu, Ramp Network, Toucan, Untangled Finance, Valora and Yellow Card, among others.
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