USDT Set to Launch on Celo Blockchain

USDT Set to Launch on Celo Blockchain



Tether, the foremost issuer of the stablecoin, is gearing up to deploy its USDT token on the Celo blockchain, a platform compatible with the Ethereum Virtual Machine and evolving into an Ethereum Layer 2 network.



Although the specific launch timeline has not been disclosed, a representative from Tether assured that the rollout is imminent. This development signifies further growth for USDT, which has already established its presence across several blockchains, including Ethereum (ETH), Solana (SOL), and Polygon (MATIC).



Tether has previously withdrawn support from certain networks due to inadequate demand, while still allowing redemptions up to a designated cut-off date.



Founded in 2020, Celo's mission is to streamline mobile payments by associating telephone numbers with cryptocurrency wallet addresses and providing low-cost


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#Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations

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