Latest News

Blockchain project focused on decentralized finance Celo announces plans to implement an Ethereum Layer 2 solution.

CLabs, the primary developer behind the Celo protocol, has officially submitted its proposal to integrate it with Optimism's OP stack. The post Celo opts for Optimism as it transitions to L2 appeared first on Crypto Briefing.

cLabs, the principal developer behind the Celo blockchain, has announced its decision to employ Optimism's OP Stack for its upcoming Ethereum Layer 2 solution. This choice signifies the conclusion of a very detailed eight-month assessment period during which a number of scaling technologies were subject to thorough testing.

After evaluating various scaling technologies over an eight-month period, cLabs chose OP Stack for development.

CLabs officially proposed using Optimism's OP Stack for the transition. The proposal will be discussed on a couple of community calls and then go to a vote among holders of the project's CELO tokens, under the chain's governance rules.

Celo, a low-fee, usability-focused blockchain, has approved using Tether's USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal stated this functionality would simplify the transaction experience for users, who only need to hold the USDT stablecoin in their wallets to move value using Celo's network.

The Celo Foundation and Rarible introduce Celosphere, a new NFT marketplace powered by RaribleX and platforming digital ownership aligned with the Celo community's mission of creating prosperity for all.

Centrifuge, a platform for on-chain finance that's taking the lead in the tokenized real-world assets ecosystem, has announced the first RWA transaction on Celo. The platform revealed via a blog post on March 29 that the Celo ecosystem had allocated $1 million in US Treasuries on Centrifuge.

Celo, a low-fee, usability-focused blockchain network, has approved a proposal to allow transaction fees to be paid with stablecoins. Network users can now transact only by holding USDC in their wallets, abstracting the complexity of holding other tokens. This also benefits newcomers, making it easier for them to make transactions.

Tether deployed USDT on Celo mainnet, expanding accessibility and utility.

Tether has deployed its USDT stablecoin on the Celo blockchain.

Wolf Of Altcoins, a prominent figure in the crypto world, shared some big predictions about how much money people can make with certain types of digital currencies.

Tether's USDT stablecoin is coming to the Celo blockchain, promising users significantly lower transaction fees.

Tether Operations Limited (Tether), which claims to be the largest company in the cryptocurrency industry, announced that USDT will launch on Celo, a mobile-first and EVM-compatible blockchain network that's built for the real world and designed for fast, low-cost payments worldwide.

In a groundbreaking move, Tether Operations Limited, the entity behind the popular stablecoin Tether (USDT), has officially launched its token on the Celo Blockchain. This strategic integration marks a significant step towards revolutionizing transactions and fostering financial inclusion on a global scale.

Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability and accessibility of Tether for millions of people.

This move marks a stride towards global financial inclusivity and empowerment through blockchain. Celo, with its mobile-first, real-world-focused blockchain, is an ideal partner for this journey.

Tether Operations Limited, has now officially released Celo Blockchain-based Tether Token (USDT) into the market and has announced the details through their press release. Tether's Expansion to Celo Tether's decision to integrate with Celo, a “mobile-first and EVM-compatible” blockchain community, is a significant step towards promoting financial inclusion, built for fast, low-cost payments globally.

As described by the stablecoin issuer, the Celo fee advantage will help it connect more with users in socio-economically disadvantaged regions.

Leading stablecoin issuer Tether is set to introduce its USDT token on the Celo blockchain, an Ethereum Virtual Machine-compatible platform transitioning to an Ethereum Layer 2 network.

Tether's USDT joins the Celo network to boost financial inclusion with low-cost, mobile-first blockchain solutions.

Tether, the operator behind the leading stablecoin USDT, has announced its expansion onto the Celo blockchain. This partnership brings up USDT in to an Ethereum Virtual Machine (EVM)-compatible layer 1 network known for its focus on fast and cost-effective payments.

Tether's USDT aims to launch on Celo blockchain in expansion strategy.

TL;DR Tether launches its USDT token on the Celo network, thus expanding its reach in the cryptocurrency ecosystem. The partnership between Tether and Celo promises minimal transaction fees and accessible microtransactions for users around the world.