Tether’s USAT moves beyond Ethereum, eyes new revenue
The post Tether’s USAT moves beyond Ethereum, eyes new revenue appeared on BitcoinEthereumNews.com.
Tether has taken a significant step in its U.S. expansion strategy, announcing that its regulated stablecoin, USAT, is moving beyond the Ethereum mainnet to the Celo blockchain. This marks its first multi-chain deployment and signals new monetization opportunities for investors. Tether is using Google Cloud and Self to give users greater access. According to its official press release, Tether says USAT follows trusted accounting standards and adheres to the regulations in the GENIUS Act. Tether puts its USAT stablecoin on Celo so more people can use it Tether wants to ensure millions of people can access USAT through Celo as the network works smoothly on mobile devices, has over 4.2 million active weekly users, and partners with major services like Opera MiniPay, which has 14 million users. According to the company’s CEO, Paolo Ardoino, partnering with Celo will give people access to “trusted, programmable money” that works in real-world situations. Ardoino said, “This is how we continue to extend access to trusted, programmable money at a global scale. What matters now is ensuring these systems are accessible in the environments where people are already transacting every day.” With USAT now on Celo, people can use stablecoins in everyday transactions beyond trading or holding tokens online through their phones. Celo governance manages the Celo network and will allow people to use USAT as a gas currency, making transactions simpler, cheaper, and faster by allowing them to pay transaction fees with the same stablecoins they use for transfers. Similarly, early investors will benefit from the network’s growth, as revenue streams from fees and network activity will increase as more people use USAT for everyday trading and transactions grow. Tether is using this opportunity not only to expand its technology on Celo’s mobile-friendly network, but also to connect the USAT stablecoin to a…
Filed under: News - @ April 1, 2026 9:23 am