Tether Stablecoin USDT is Coming To Celo Blockchain
Tether, a major stablecoin operator, is expanding its USDT stablecoin across various blockchain networks, partnering with the Celo network.
The Celo network, an Ethereum Virtual Machine (EVM)-compatible layer-1 network, is designed for fast and low-cost payments.
The new integration offers USDT low transaction fees, enabling feasible microtransactions. Celo’s core feature since its launch in April 2020 was its design for fast, low-cost payments worldwide.
Tether USDT will join an array of stable assets available on the Celo platform, including solutions like Mento’s eXOF and the Brazilian real.
Celo-based USDT will join 14 currently supported blockchains by Tether, including Tron, Ethereum, Solana, Avalanche, and Omni. The move comes amid increasing complaints about high fees on the Ethereum network as Ether (ETH) prices pass $4,000.
(With inputs from Shikha Singh)
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