Circle to launch USDC stablecoin on Celo blockchain network
Circle is set to launch its U.S. Dollar-pegged stablecoin , USDC, on the Celo blockchain network . Initially a standalone blockchain network , Celo is transitioning to become a part of the Ethereum network as a Layer 2 scaling solution, aiming to improve its performance and capacity. 1/ Native $USDC is coming to @Celo! 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. Explore what native USDC on Celo means for the ecosystem. https://t.co/ctUn9yWLDb — Circle (@circle) January 30, 2024 “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....