Overview
- Tether and Celo put USAT live on Celo Wednesday, giving users native minting and burning on the network so tokens no longer must move across bridges to be created or redeemed.
- Celo’s CIP‑64 upgrade allows approved ERC‑20 tokens to serve as gas currencies, and the technical path for paying fees in USAT is in place though formal permission still needs Celo governance approval.
- Anchorage Digital Bank, a federally chartered crypto bank, issues USAT with one‑to‑one dollar backing and regular attestations, positioning the token as a regulated alternative to Tether’s USDT.
- Tether led a $7 million Series A for Pact Labs in mid‑July to integrate USAT into payroll and employer payment systems as part of a push into real‑world payments.
- USAT has grown since its January debut to roughly $185 million in market value while Celo offers mobile payment reach and existing stablecoin integrations such as Opera MiniPay that could speed adoption.