announced plans to deploy native USDT on Celo, expanding everyday use cases on the mobile-first, EVM-compatible blockchain network built for the real world 🌐
Why is this important? Keep reading below ↓
The partnership is a step forward in the joint mission of enhancing financial inclusion & empowering individuals across the globe 🤝
With over 1,000 projects in 150+ countries, Celo's mobile-first ecosystem aligns w/ Tether's mission of accessibility
Benefits of the integration include:
→ Sub-cent transaction fees, enabling microtransactions for all
→ EVM-compatible infrastructure, enhancing interoperability
→ Social mapping via SocialConnect
→ On- & off-ramping API standard FiatConnect
USDT join MentoLabs stablecoins including cREAL & eXOF, tracking the Brazilian Real and West African Franc (used in 14 sub-Saharan countries) respectively 🇧🇷 🌍 among others – further propelling Celo forward as the leading ecosystem for stablecoins & RWAs
Look out for future developments as core contributors at cLabs will submit a governance proposal for USDT as native gas currency⛽ 👀
USDT as a gas currency will streamline transactions & foster efficiency for dApps focused on payments, lending & more!
For more information, check out our blog post on Tether's upcoming USDT deployment!↓
https://blog.celo.org/tether-usdt-to-launch-on-celo-960fefb6bdbb
Looking forward to Binance opening the USDT deposit and withdrawal channel for the celo chain
celo chain is good for swap in squid
It is very goooood. Open the good news from now on. Thanks 😘
The price increase cause of this news?
Nobody knows celo is rwa :(
Celo is not RWA. Is a blockchain. You can have lot of RWA projects built on celo
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