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Tether, the issuer of the USDT stablecoin, has expanded its reach by launching on the Celo network, a carbon-negative, permissionless platform compatible with the Ethereum Virtual Machine (EVM).
Tether, the issuer of the USDT, has announced that the stablecoin will launch on the Celo blockchain. The expansion of USDT to the EVM-compatible blockchain follows a strategic collaboration between Tether and Celo, the companies said on Monday. CELO price, which hovered near $1.20 earlier in the day, skyrocketed more than 40% to above $1.68.
Tether announces plans to launch USDT on the Celo blockchain, a platform renowned for its speed and efficiency in transactions.
The collaboration could see USDT become a gas currency on Celo.
Tether has entered a collaboration with Celo to enable “sub-cent transaction fees” for USDT and enable feasible microtransactions.
As the crypto industry crosses the $2.6T market cap, the low cap coins are gaining momentum as investors are piling up to find the next big thing. Amidst this race, the globe is finding new technology and mechanisms to own assets and providing a myriad of benefits.
Circle's USD Coin (USDC) has been launched on the Celo blockchain, resulting in a 9% surge in CELO token value. San Francisco-based Financial services company Cricle announced the integration earlier this week.
Circle has integrated USDC directly onto the Celo blockchain, enabling faster and cheaper transactions with its native stablecoin. This aligns with Circle and Celo's shared mission of increasing financial access.
The Celo Foundation is pleased to announce that Circle will launch USDC natively on Celo to further everyday adoption of digital currencies and assets. Celo claims it is a carbon-negative, mobile-first, EVM-compatible blockchain “built for the real world.
As another week begins, the prices of many assets in the cryptocurrency sector are still trying to decide on their next move, with some making modest progress and others still somewhat falling behind. Then, there are those that are still going strong, and some of them are still available under $1 apiece.
The Celo Foundation has partnered with Circle to bring USDC, a leading stablecoin, into its network. This integration not only diversifies Celo's stablecoin offerings but also positions USDC to become an official gas currency on the blockchain.
The Celo Foundation recently announced that Circle's USD Coin (USDC) will launch natively on the Celo blockchain. This move is expected to enhance the functionality of USDC and extend its convertibility into various fiat currencies.
Stablecoin-issuer Circle says it's bringing USDC to the Celo (CELO) blockchain, according to a new press release from The Celo Foundation. The Celo protocol is an Ethereum Virtual Machine (EVM) compatible blockchain that bills itself as “mobile first,” and is in the process of migrating into becoming a layer-2 solution.
The hookup between Celo and Circle will benefit both sides as Celo continues to advance real-world use cases and Circle expands its reach.
Circle's USD Coin (USDC) stablecoin has expanded to the Celo Network to enhance cross-border payments and peer-to-peer transactions. The Celo Foundation, in a Jan. 30 statement shared with CryptoSlate, highlighted the potential of this expansion to facilitate local currency conversions seamlessly.
TL;DR USDC on Celo: Circle will launch its USDC stablecoin on the Celo network, a strategic collaboration for fast and affordable payments. Celo Governance Vote: Upcoming vote on Celo to decide whether USDC will be the official gas currency on the network, crucial for efficient transactions.
Circle is set to launch its U.S. Dollar-pegged stablecoin, USDC, on the Celo blockchain network.
Imminent vote on Celo governance: USDC could become the official gas currency.
Circle, the entity behind major stablecoins like USDC and EURC, has announced its decision to introduce its USD-pegged stablecoin on the Celo network. Notably, Celo, initially an EVM-compatible Layer 1, is in the process of evolving into an Ethereum Layer 2 scaling solution.
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
An imminent governance vote will determine if the stablecoin USDC should become Celo's official gas currency.
A standalone blockchain, Celo is looking to migrate to become a layer-2 network atop Ethereum. The months-long selection process has started to look like "The Bachelorette," with teams behind the Arbitrum, Optimism, Polygon and zkSync networks all vying to win the technology mandate.
Celo originally planned to build its Ethereum layer-2 network with Optimism's OP Stack. Then Polygon and Matter Labs pitched their stacks.
Celo developers unveil a framework to guide the selection of a Layer 2 tech stack.
