Tether's compliant stablecoin USA₮ officially launches on the Celo mainnet

According to The Block, the compliant stablecoin USA₮ by Tether has officially launched on the Celo mainnet, marking USA₮'s second mainnet deployment after Ethereum. USA₮ is issued by Anchorage Digital Bank and can be natively minted and redeemed on Celo. Additionally, using Celo's fee abstraction mechanism, it can be used directly to pay gas fees on-chain. USA₮ was launched in January this year and currently has a market capitalization of approximately $185 million.