The largest stablecoin by market capitalization, Tether USDT, is now available on the Celo mobile platform.

- Celo moves from its own blockchain to a new layer-2 on top of Ethereum

- The platform is mobile-first and offers stable assets to users around the world

- USDT integration on Celo expands the use of stable assets, including remittances, savings, lending and cross-border payments

- Celo Forum will propose using USDT as a gas currency to improve the efficiency of transactions in decentralized applications (dApps)

Tether is already running on other layer-1 networks, including Avalanche, Polygon and Near. In January, the Circle USDC stablecoin launched on the Celo network.