Tether Token (USDT) Is Now Available on Celo

Tether Operations Limited (Tether) deploys native USDT on Celo mainnet, a mobile-first and EVM-compatible blockchain network fast becoming the industry’s best platform for stablecoins and real-world asset (RWA) use cases. Following an earlier announcement on March 11 announcing Tether and the Celo ecosystem’s partnership, today’s integration further facilitates an integral pathway for greater stablecoin adoption and simplifies onchain payment experiences to bolster real-world adoption and usage of crypto.

This expansion introduces USDT to Celo’s robust ecosystem with over 1,000 partners in 150 countries, including Opera MiniPay’s ultralight stablecoin wallet in Kenya and Ghana, among other countries, having recently crossed 2 million users across Africa. Core contributor cLabs has also outlined plans in a community forum post to propose making USDT an official gas fee currency, further streamlining transactions.

The official USDT smart contract address on Celo is as follows: https://celoscan.io/address/0x48065fbbe25f71c9282ddf5e1cd6d6a887483d5e#readProxyContract

Additionally, the below ecosystem partners are committed to leveraging native USDT on Celo following launch:

• Ammer Pay — a point-of-sale application for crypto payments using NFC and QR codes
• Bitmama — a crypto-fiat exchange that allows traders to buy and sell Bitcoin, Ethereum, Celo and other digital assets
• EthicHub — a blended Finance protocol for impact investing in emerging markets
• Fonbnk — a Web3 on-ramp that allows Africans to obtain cryptocurrency assets by exchanging their airtime credits
• HaloFi — a user-friendly decentralized finance (DeFi) platform that makes onchain savings and investing easy
• Huma Finance — a leading on-chain credit platform with $150M+ loans originated
• impactMarket — a open microfinance protocol that provides accessible financial solutions to empower underprivileged people all over the world, unlocking opportunities and human potential. The platform includes Libera, a user-friendly, secure, and lightweight crypto wallet that enables beneficiaries to claim their Unconditional Basic Income (UBI)
• Jia — a platform offering blockchain-based financing to small businesses in emerging markets
• Jumptask — a leading open engagement platform, uniting 6M+ individuals and businesses through microtasking in a global crypto-powered network.
• Kotani Pay — an on-/off-ramp infrastructure that connects Web3 users to local payment channels across Africa
• Mento — a decentralized EVM platform used to launch and operate multi-currency stable assets
• PayChant — Africa’s localized fiat on- and off-ramp payment infrastructure for crypto-enabled apps
• Quipu — an onchain loan platform for entrepreneurs and small businesses
• Ramp Network — a non-custodial, full-stack infrastructure to seamlessly onboard users into crypto-based apps
• Toucan — Toucan builds technology to unlock climate action at scale. With the CHAR carbon pool, Toucan brings high-integrity, registry-verified carbon removal onchain, and provides the first liquid market for biochar credits
• Untangled Finance — a credit protocol for institutional grade, private credit RWAs, with an AI enabled credit oracle infrastructure.
• Valora — a mobile payments application on Celo that aims to unlock access to financial opportunity
• Yellow Card — the largest and first licensed stablecoin on-/off-ramp on the African continent. Operating across 20 countries, Yellow Card provides individuals and businesses of all sizes across Africa with secure, liquid, and cost-effective access to USDT, USDC, and PYUSD via their local currency directly and through our Payments API
• Zerion — a crypto wallet enabling smartphone users worldwide to build and manage their decentralized finance (DeFi) portfolios

The launch of USDT on Celo’s platform represents a step towards financial inclusion and participation on an international scale, through enhancing transaction transparency and accountability while broadening the real-world utility of stablecoins, whether for onchain savings, lendings, remittances, peer-to-peer (P2P) and cross-border payments.

About Celo

Celo is a mobile-first and EVM-compatible blockchain network that’s an emerging L2 built for the real world and designed for fast, low-cost payments worldwide. The Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo Platform), the CELO native token, and several Mento stable assets (cUSD, cEUR, cREAL, eXOF) that enable anyone to use digital assets. Launched on Earth Day in 2020, the open-source Celo mainnet supports 1,000+ projects by developers and creators located around the world. For more about Celo, visit https://celo.org/.

About Tether and USDT

Tether is a pioneer in the field of stablecoin technology, driven by an aim to revolutionize the global financial landscape. With a mission to provide accessible, secure, and efficient financial, communication, and energy infrastructure. Tether enables greater financial inclusion, communication resilience, fosters economic growth, and empowers individuals and businesses alike.

As the creator of the largest, most transparent, and liquid stablecoin in the industry, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance. https://tether.to/