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 sizes across all categories are increasing, suggesting that the network isn’t being spammed with small, insignificant transactions. Instead, it reflects genuine activity and growing demand for stablecoin usage on the platform. Celo’s stablecoin supply has seen a notable increase in the past year, now surpassing
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