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Tether Announces USAT Stablecoin Expansion to Celo Network [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
What's the Scoop? New Deployment: USAT is now available on the Celo, an Ethereum L2 scaling solution focused on attracting real-world payments use cases. This deployment marks the GENIUS Act-compliant stablecoin's first expansion beyond the Ethereum L1. Powerful Partnership: The launch also introduces new distribution pathways for USAT. In collaboration with Self and Google Cloud, a mainnet faucet will enable verified users to access USAT through a privacy-preserving proof-of-humanity system. Compliant Alternative: Unlike Tether's flagship USDT stablecoin (which is only partially reserved by risk-free dollar investments and fails to comply with other chapters of the GENIUS Act), USAT is designed for compliance. Reserves are custodied by Anchorage Digital, a federally registered national trust bank, and monthly reserve attestations are supplied by Deloitte, in accordance with American Institute of Certified Public Accountants (AICPA) standards. Transparency Push: Last week, Te
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