Anchorage-Issued USAT Stablecoin Launches on Celo as Second Mainnet After Ethereum

USAT, the GENIUS Act-compliant stablecoin issued by Anchorage Digital Bank, has launched on the Celo blockchain, becoming its second mainnet deployment after Ethereum. 

The integration enables native minting and burning of USAT on Celo. The stablecoin can also be used directly to pay network gas fees. 

USAT debuted in January and has a market capitalization of approximately $185 million.

Source: The Block