Celo

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SPX Tops the Charts This Week Jumping 193%, CVC and FTT Also See Gains

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According to recent data, bitcoin and ethereum have experienced modest improvements in the last 24 hours, but both have dropped against the U.S. dollar over the week, with losses ranging from 0.8% to 5.5%. However, several other crypto assets saw impressive gains, with spx6900 (SPX) stealing the spotlight by skyrocketing 193%. This Week’s Crypto Gainers … Read more

$CELO Surges 19.6% As Vitalik Buterin Highlights Its Growth And Transition

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$CELO, the native token of the Celo blockchain, saw a remarkable 19.6% surge today, climbing to $0.63. The spike follows praise from Ethereum co-founder Vitalik Buterin, who acknowledged Celo’s growth and its ongoing transition from a Layer 1 (L1) to a Layer 2 (L2) blockchain. Price Action: $CELO (@Celo) is up 19.6% today to $0.63, … Read more

Celo’s Surge In Stablecoin Adoption: What’s Driving The Growth?

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This week at @Token2049, the Celo Foundation and cLabs are making headlines as Celo’s daily active stablecoin addresses recently surpassed those of @trondao. But what’s fueling this impressive rise in Celo’s stablecoin usage? While daily active addresses can be a limited metric, a deeper look into Celo’s stablecoin transaction volumes reveals the true growth. Transfer … Read more

Celo Adds Tether’s USDT as Gas Currency

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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. Celo Passes Governance Proposal Enabling USDT as … Read more

Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With Stablecoins

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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. Celo Aims for Usability in … Read more

Tether Launches USDT on Celo Targeting Increased Usability

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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.” Tether Announces USDT’s Launch on … Read more