Celo has announced a partnership with Tether, a leading stablecoin provider. Tether plans to deploy its native USDT on the Celo network, a mobile-first, EVM-compatible blockchain network designed for real-world applications. This development is expected to expand the everyday use cases of the Celo network.
Refer to the official tweet by CELO:
🚨 Welcome to the Celo ecosystem, @Tether_to! 🎉
Tether just announced plans to deploy native USDT on Celo, expanding everyday use cases on the mobile-first, EVM-compatible blockchain network built for the real world 🌐
🧵 Why is this important? Keep reading below ↓ pic.twitter.com/Aim9Lqvd7c
CELO Info
Celo was designed to enable a new universe of financial solutions accessible for mobile users, creating a global financial ecosystem where an end-user can onboard into the Celo ecosystem with just a mobile number.
Celo makes sending payments as easy as sending a text, to anyone with an internet connection, anywhere in the world. Celo maps phone numbers to wallet addresses using a novel decentralized address-based identity layer. Mobile participants can earn rewards for securing and maintaining the system.
CELO is the platform-native asset that supports the growth and development of the Celo blockchain and ecosystem. CELO holders can earn rewards, stake with validators, and vote on proposals that shape the future of Celo.
