Tether’s compliance-focused stablecoin USA₮, or USAT, has gone live on the Celo mainnet, marking its second mainnet deployment after Ethereum. According to ChainCatcher, the token is issued by Anchorage Digital Bank and can be natively minted and redeemed on Celo, where it can also be used to pay on-chain gas through Celo’s fee abstraction mechanism.

USAT launched in January and has a market capitalization of about $185 million.