Ethereum

Celo

2024

USDC

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<p class="is-style-lead">Circle is set to launch its U.S. Dollar-pegged stablecoin, USDC, on the Celo blockchain network.</p>
<p class="is-style-default">Initially a standalone blockchain network, Celo is transitioning to become a part of the Ethereum network as a <a href="https://crypto.news/tag/layer-2/" data-type="link" data-id="https://crypto.news/tag/layer-2/" rel="noopener noreferrer nofollow">Layer 2</a> scaling solution, aiming to improve its performance and capacity.</p>
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   <p lang="en" dir="ltr">1/ Native <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDC</a> is coming to <a href="https://twitter.com/Celo?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Celo</a>!<br><br>Celo is a mobile-first and EVM-compatible blockchain network that’s built for the real world and designed for fast, low-cost payments worldwide. <br><br>Explore what native USDC on Celo means for the ecosystem. 👇<a href="https://t.co/ctUn9yWLDb" target="_blank" rel="noopener noreferrer nofollow">https://t.co/ctUn9yWLDb</a></p>— Circle (@circle) <a href="https://twitter.com/circle/status/1752330912036204733?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 30, 2024</a>
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<p>“Circle is proud to join the mission-driven Celo ecosystem as a blockchain that’s known for providing fast, low-cost payments worldwide,” Shamus Noonan, Senior Manager of Business Development at <a href="https://crypto.news/tag/circle/" data-type="link" data-id="https://crypto.news/tag/circle/" rel="noopener noreferrer nofollow">Circle</a>, said in a statement. “This partnership will help broaden access for USDC and leverage Celo’s mobile-first user-base in regions where blockchain adoption is highest.”</p>
<p>You might also like: <a href="https://crypto.news/circle-updates-usdc-to-version-2-2/" rel="noopener noreferrer nofollow"> Circle updates USDC to version 2.2 </a></p>
<p>Celo began as a Layer 1 network, compatible with the Ethereum Virtual Machine (<a href="https://crypto.news/glossary/ethereum-virtual-machine-evm/" data-type="link" data-id="https://crypto.news/glossary/ethereum-virtual-machine-evm/" rel="noopener noreferrer nofollow">EVM</a>). CLabs proposed the change to a Layer 2 protocol, Celo’s development team, and supported by a majority vote in July. The shift intends to improve Celo’s functionality using Ethereum’s established system.</p>
<p>Celo’s own currency, <a href="https://crypto.news/price/celo/" data-type="link" data-id="https://crypto.news/price/celo/" rel="noopener noreferrer nofollow">CELO</a>, is currently valued at $0.683, showing a small increase of 3.5% in the last 24 hours.</p>
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<p>Read more: <a href="https://crypto.news/circle-files-for-ipo-in-us/" rel="noopener noreferrer nofollow"> Circle files for IPO in US </a></p>

Circle to launch USDC stablecoin on Celo blockchain network

crypto.news

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