Celo has experienced a surge in attention from the crypto world as a promising investment and as a utility. The mobile-first cryptocurrency has received
price predictions for future years with optimistic forward views. In a bold move, Celo has chosen
Optimism among other Layer 2s which further strengthens its standing in the market. Celo has also made partnerships with major crypto entities including
Binance and
Tether, integrating USD Coin (USDC) and USDT on its network. This development is driving mainstream crypto adoption by offering faster and cheaper fees.
Alongside these partnerships, Celo has seen about 20% gains in last week, outperforming the broader crypto market.
USDC and
Tether's USDT have gone native on the Celo blockchain, boosting real-world asset capabilities and allowing transaction fees to be paid with stablecoins. Interoperability has been enhanced as Celo integrates Chainlink's CCIP protocol while
Polygon emerges as a suitor for Celo’s new Layer-2 blockchain.
The
cLabs team proposes to use Optimism's OP Stack for its Ethereum Layer 2 chain development, which is a strong statement of the project's creativity and innovation. The platform is seen as set for a big breakout with its migration to Layer-2 and the launch of USDT on its EVM-compatible blockchain.
Celo’s global expansion shows no sign of slowing down, with
Tether USDT and
Google Cloud joining its cause. In sum, the Celo network has witnessed impressive growth and development, marking it a prime candidate for further exploration and investment.
CELO Coin News Analytics from Wed, 11 Mar 2020 07:00:00 GMT to Tue, 11 Jun 2024 12:49:27 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor 5
