Ethereum

Celo

2024

USDC

Read

<div class="cryptonews"> 
 <p class="is-style-lead">Circle is set to <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> its U.S. Dollar-pegged <a rel="dofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a>, USDC, on the Celo <a rel="dofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> <a rel="dofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a>.</p> 
 <p class="is-style-default">Initially a standalone <a rel="dofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> <a rel="dofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a>, Celo is transitioning to become a part of the Ethereum <a rel="dofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> as a Layer 2 scaling solution, aiming to improve its performance and capacity.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">1/ Native $USDC is coming to @Celo!<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. https://t.co/ctUn9yWLDb</p>— Circle (@circle) January 30, 2024
   </blockquote> 
  </div>
 </figure> 
 <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 Circle, 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> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Circle updates USDC to version 2.2 
 </div> 
 <p>Celo began as a Layer 1 network, compatible with the Ethereum Virtual Machine (EVM). 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, CELO, is currently valued at $0.683, showing a small increase of 3.5% in the last 24 hours.</p> 
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
  <div class="wp-block-embed__wrapper"> 
   <div class="rll-youtube-player" data-src="https://www.youtube.com/embed/7VLv8NPN1-c" data-id="7VLv8NPN1-c" data-query="feature=oembed" data-alt="Exploring the Frontier of Layer 2 Scaling Solutions with Marek Olszewski , Celo Co-Founder"></div>
   <noscript>
    <iframe title="Exploring the Frontier of Layer 2 Scaling Solutions with Marek Olszewski , Celo Co-Founder" width="1020" height="574" src="https://www.youtube.com/embed/7VLv8NPN1-c?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
   </noscript> 
  </div>
 </figure> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Circle files for IPO in US 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/circle-to-launch-usdc-stablecoin-on-celo-blockchain-network-tbt78274.html">https://thebittimes.com/circle-to-launch-usdc-stablecoin-on-celo-blockchain-network-tbt78274.html</a></p>

Circle to launch USDC stablecoin on Celo blockchain network

TheBitTimes

Other articles published on Jan 30, 2024

This Altcoin Foundation Transferred a Large Amount of Tokens to Coinbase Exchange! Here are the D...

U.S. Presidential Candidates Kennedy and Trump Unite Against Central Bank Digital Currency

Shiba Inu (SHIB) Burn Rate Jumps 1,530% in Epic Market Turnaround

Invesco and Galaxy Reduce Their Bitcoin ETF Fees; 0.25% Instead of 0.39%

3 tokens below $1 to grow 5x in 21 days

Standard Chartered foresees Ethereum ETF approval by May 23

Join our free newsletter for daily crypto updates!