Tether’s regulated stablecoin USA₮ is now live on Celo, bringing federally compliant digital dollars to the network’s 4.23 million weekly active users. This marks Tether’s first issuance outside Ethereum and broadens stablecoin access on a mobile-first chain.
Stripe has acqui-hired the team behind Valora, the Celo-based mobile wallet, while cLabs has taken back the app's intellectual property. The move signals Stripe's intent to accelerate stablecoin payments work and leaves Valora's development stewardship to the Celo community.
Opera's MiniPay wallet, built on Celo, will support USDT and connect to real-time payment rails across Latin America to speed up stablecoin transfers and remittances.