Tether, known for its issuance of the largest stablecoin, USDT, has announced plans to introduce USDT on Celo, a carbon-negative, Ethereum Virtual Machine-compatible blockchain.
This collaboration aims to optimize transactions within Celo’s ecosystem, particularly benefiting dApps focused on payments and lending. Celo’s mobile-first design facilitates real-world use cases, with a carbon-negative status promoting financial inclusivity.
The integration of USDT on Celo promises minimal transaction fees, expanding the utility of stable assets for savings, lending, and cross-border payments.
Tether’s CEO Paolo Ardoino and Celo’s co-founder René Reinsberg express enthusiasm for this partnership, anticipating enhanced accessibility and utility for crypto users.
They highlighted the benefits of introducing Tether USDT on Celo, offering users faster, more affordable payments and access to diverse stablecoin use cases. This move follows Circle’s launch of USDC on Celo earlier in the year.
With USDT’s launch on Celo, the stablecoin extends its presence to 15 networks, reinforcing its position across diverse blockchain ecosystems.
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