Overview
- USA₮ expanded to the Celo blockchain in a Tuesday rollout, marking the regulated stablecoin’s first move beyond Ethereum.
- Anchorage Digital Bank issues USA₮ for the U.S. market under a regulated structure, with a Deloitte report showing about $17.6 million in cash and Treasuries backing roughly $17.5 million in tokens as of January 31.
- Google Cloud supports the distribution stack for the launch, while a Self-built faucet uses proof-of-humanity checks so verified users can claim tokens without exposing personal data.
- Celo governance is starting a process to let users pay network fees in USA₮, which would remove the need to hold a separate native token and could make first-time transactions easier.
- Celo focuses on low-cost, mobile-friendly payments and reaches millions through Opera’s MiniPay wallet, positioning USA₮ for everyday transfers that cost only a fraction of a cent.