Celo Core Co. has proposed transferring 160 million CELO to Opera, aiming to convert a high-performing partnership into a long-term, incentive-aligned network stake. Opera’s Minipay Success Spurs Celo’s Largest Governance Proposal Yet The proposal, published Thursday on the Celo Forum, outlines a one-time allocation from the protocol’s unreleased treasury to an Opera-controlled Safe, replacing recurring […]
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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 […]
]]>$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, as @VitalikButerin discusses its growth in his latest tweet. Track $CELO
https://t.co/414rPP8Zzj pic.twitter.com/0rpRruKlWH — CoinGecko (@coingecko) September 25, 2024 In his recent tweet, Buterin emphasized how Celo’s shift toward Ethereum integration has propelled its ecosystem, even surpassing Tron in terms of active stablecoin addresses. Celo
The post $CELO Surges 19.6% As Vitalik Buterin Highlights Its Growth And Transition appeared first on The Merkle News.
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Vitalik Buterin noted that Celo’s second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.
]]>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
The post Celo’s Surge In Stablecoin Adoption: What’s Driving The Growth? appeared first on The Merkle News.
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The peer-to-peer payments company aims to grow Web3 beyond its current crypto-native audience.
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The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.
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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 […]
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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 […]
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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 […]
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