Anchorage Digital Bank’s digital dollar, USA₮, launches on Celo to provide regulated stablecoin access via mobile-first wallets and cloud tools.
USA₮, a digital dollar issued by Anchorage Digital Bank, has expanded its availability to the Celo blockchain. This marks the first expansion for the stablecoin beyond the Ethereum network.
The deployment is intended to provide access to regulated digital dollars within the Celo ecosystem, which includes over 4.2 million weekly active users of stablecoins.
The launch includes a collaboration with Self and Google Cloud to establish a mainnet faucet. This system uses a privacy-preserving proof-of-humanity framework to allow verified users to access USA₮.
Paolo Ardoino, CEO of Tether, stated: “Expanding USA₮ to Celo builds on that foundation by bringing regulated digital dollar infrastructure into one of the most active on-chain economies today.”
Bo Hines, CEO of Tether USA₮, added: “Expanding to Celo, with infrastructure supported by Google Cloud, allows us to deliver digital dollars in a way that is practical and accessible in an on-chain economy. Our focus is on making USA₮ usable in real-world financial activity, where speed, cost, and reliability directly impact how people move and manage money.”
Following the launch, Celo governance is expected to begin the process of enabling USA₮ as a gas currency for the network.
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