Tether and Celo have formed a partnership on human verification.
Celo’s ID platform Self is integrating the USAT stablecoin into its person verification infrastructure to scale verified wallets and users onchain.
It allows free USAT stablecoin claims to first users who verify themselves and sign up to the platform. A stablecoin faucet is now open in collaboration with Google’s services for Web3.
Self has been working on human verification for a long time.
Its development of Zero-Knowledge (ZK) security allows for a newer “Proof-of-Human” technology to evolve over time. Self has also built a separate registry and ID card for non-human actors.
USAT is a regulated payment stablecoin, with Anchorage as its official issuer and custodian.
Recently, USAT stablecoin launched on the Celo network.
Stablecoins in the World of AI Agents
This targets a whole new approach to information-sharing because a user can have verified credentials onchain without needing to opt into to a myriad of third-party data collectors.
It means there is an opportunity to only reveal specific bits of information that is required from any one request by a number of external sources.
Stablecoins come into play when payments can be expected to take place from the same wallet that holds a user’s ID.
Also, in order to integrate into existing payment rails and providers, users have to typically upload KYC documents. This takes time and in certain cases, administrative fees.
Between ZK technology and stablecoins, onboarding processes and confidential payments for users can take minutes to complete.
Additionally, the rise of AI Agents means that stablecoin transactions can be made by non-human entities. Overall, this development calls for an increase on global stablecoin compliance.
