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Tether, a leading stablecoin, is launching its USDT token on the Celo blockchain network. This opens another network for USDT’s variety of existing networks, which include Ethereum, Solana, and Polygon.
The date for the launch has not been released yet, however, a Tether official has communicated that it is happening soon. Celo, founded in 2020, consistently tries to provide users with mobile payments through integrated phone numbers with crypto wallets, as well as low transaction fees.
Another proposal is the establishment of USDT as a gas currency in the Celo network for the completion of transactions on dApps, in particular. This report is released as Tether’s USDT supply in circulation is over 102 billion, and the total supply is more than 108 billion when taking into account authorized but unissued tokens.
Also read: Bitcoin Overtakes Silver in Market Valuation With $1.4T
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