BlockBeats News, July 29th, Tether's compliant stablecoin USAT has been launched on Celo, marking its second mainnet deployment after Ethereum.

The token is issued by Anchorage Digital Bank, can be natively minted and redeemed on Celo, and can be directly used for on-chain Gas payments through Celo's fee abstraction mechanism. USAT was launched in January this year and currently has a market capitalization of around $185 million.