{"id":11498,"date":"2024-03-11T18:14:29","date_gmt":"2024-03-11T16:14:29","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-to-launch-usdt-on-celo-blockchain\/"},"modified":"2024-03-11T18:14:29","modified_gmt":"2024-03-11T16:14:29","slug":"tether-to-launch-usdt-on-celo-blockchain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tether-to-launch-usdt-on-celo-blockchain\/","title":{"rendered":"Tether to Launch USDT on Celo Blockchain"},"content":{"rendered":"<p>Tether will introduce its stablecoin USDT on the EVM-compatible layer-one blockchain Celo.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Tether Token (USDT) to Launch on <a href=\"https:\/\/twitter.com\/Celo?ref_src=twsrc%5Etfw\">@Celo<\/a><\/p>\n<p>Read more: <a href=\"https:\/\/t.co\/KJ5emdMmXl\">https:\/\/t.co\/KJ5emdMmXl<\/a> <a href=\"https:\/\/t.co\/yTDkzKnhev\">pic.twitter.com\/yTDkzKnhev<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1767175933062980089?ref_src=twsrc%5Etfw\">March 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the statement, the network&#8217;s ecosystem encompasses over 1,000 projects across more than 150 countries.<\/p>\n<p>Tether considers one of the integration&#8217;s advantages to be the low transaction fees on the blockchain (~$0.001). This enables the development of micropayment systems for users regardless of socio-economic and geographical status, the company noted.<\/p>\n<p>Celo&#8217;s EVM infrastructure additionally provides connectivity to the Ethereum ecosystem.<\/p>\n<p>As part of the partnership, the developer company cLabs will propose to the blockchain community the use of USDT for gas fees.<\/p>\n<p>One of the projects on Celo is the Opera Mini browser-integrated crypto wallet in countries like Kenya and Ghana. Alongside other applications, this provides an &#8220;optimal environment for the adoption and use of the stablecoin,&#8221; Tether stated.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We strive to provide accessible and reliable digital currency solutions to users worldwide. Integrating USDT onto the Celo platform, designed for the real world, will be a significant step in our mission,&#8221; said Tether CEO Paolo Ardoino.<\/p>\n<\/blockquote>\n<p>At the time of writing, the stablecoin&#8217;s market capitalization exceeds $102 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"402\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-1-1024x402.jpg\" alt=\"Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-1\" class=\"wp-image-228023\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-1-1024x402.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-1-300x118.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-1-768x301.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-1.jpg 1140w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Market capitalization of major stablecoins. Data: <a href=\"https:\/\/www.coingecko.com\/en\/categories\/stablecoins\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>USDT operates on 16 networks, including Algorand, Avalanche, Ethereum, EOS, Liquid Network, Near, Omni, Polygon, Solana, Standard Ledger Protocol from Bitcoin Cash, Statemine, Statemint, Tezos, and Tron.<\/p>\n<p>Earlier in January, Tether&#8217;s main competitor Circle <a href=\"https:\/\/forklog.com\/en\/news\/circle-to-launch-usdc-stablecoin-on-celo-blockchain\">announced<\/a> support for Celo for its &#8220;stablecoin&#8221; USDC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether will introduce its stablecoin USDT on the EVM-compatible layer-one blockchain Celo. Tether Token (USDT) to Launch on @Celo Read more: https:\/\/t.co\/KJ5emdMmXl pic.twitter.com\/yTDkzKnhev \u2014 Tether (@Tether_to) March 11, 2024 According to the statement, the network&#8217;s ecosystem encompasses over 1,000 projects across more than 150 countries. Tether considers one of the integration&#8217;s advantages to be the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1344,807,1245],"class_list":["post-11498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-celo","tag-stablecoins","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11498"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11497"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}