
Tether (CRYPTO:USDT) has launched its USAT stablecoin on the Celo blockchain, marking the token's second mainnet deployment as the company expands access to tokenised assets across multiple networks.
The launch allows users to access USAT through Celo's low-cost and mobile-focused blockchain infrastructure, supporting broader adoption of tokenised financial products.
USAT is designed to represent tokenised US Treasury-backed assets, providing users with blockchain-based exposure to short-term government securities while benefiting from on-chain settlement.
The expansion to Celo broadens the availability of USAT as demand for tokenised real-world assets continues to grow across the digital asset sector.
Former Tether executive Richard Heathcote is reportedly seeking to sell part of his 1.26% stake in Tether (CRYPTO:USDT), offering a rare glimpse into ownership of the privately held stablecoin issuer.
Tether has signed a memorandum of understanding with the Nairobi Securities Exchange to explore the tokenisation of financial assets.
Tether (CRYPTO:USDT) is expanding its USAT payroll platform to help businesses pay employees using stablecoins.