Tether Announces USDT Launch on EVM-Compatible Celo

Tether, the operator behind the leading stablecoin USDT, has announced its expansion onto the Celo blockchain. This partnership brings up USDT in to an Ethereum Virtual Machine (EVM)-compatible layer 1 network known for its focus on fast and cost-effective payments. This move is set to improve microtransaction functionality by slashing transaction fees, a significant advancement in Tether’s blockchain diversification drive.