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Tether's USDT To Launch on Celo

Tether’s USDT, the largest stablecoin by market value, will launch on mobile-focused layer-1 platform Celo. Celo is currently migrating from a standalone blockchain to a new layer-2 atop Ethereum. The platform focuses on being a mobile-first network that offers multiple stable assets to users globally, but with a focus on emerging markets. The integration of USDT on Celo expands the use cases for stable assets already on Celo, including remittances, savings, lending and cross-border payments, explained the press release. Tether is already live on several other layer-1 networks, including Avalanche, Polygon and Near. Stablecoin issuer Circle launched USDC on the Celo network in January. 

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