Tether-compliant stablecoin USAT launches on Celo, marking its second mainnet deployment after Ethereum

Odaily reported that the token is issued by Anchorage Digital Bank, can be natively minted and redeemed on Celo, and can be directly used to pay on-chain gas fees via Celo's fee abstraction mechanism. USAT went live in January this year and currently has a market cap of approximately $185 million.