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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAnchorage Digital has officially launched the USA₮ stablecoin on the Celo network, which operates as an Ethereum Layer-2 scaling solution. Google Cloud will provide critical infrastructure support for the rollout, ensuring a robust environment for the stablecoin's integration within Celo's mobile-first ecosystem. This strategic move leverages Celo's infrastructure to reach 4.23 million weekly active users, featuring native gas functionality for direct transaction settlements. The network has demonstrated significant scale, with 14 million MiniPay registrations and over 420 million transactions processed to date. As a federally compliant and regulated asset, USA₮ is expected to significantly enhance liquidity and utility for digital dollar users. Analysts view the partnership with Google Cloud and Anchorage Digital as a major validation of Celo’s position in the regulated digital payments space.