Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Circle Expands Stablecoin Access by Launching Native USDC on Celo Blockchain
ADOPTION NEWS

Circle Expands Stablecoin Access by Launching Native USDC on Celo Blockchain

By Crypto FlexsFebruary 22, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Circle Expands Stablecoin Access by Launching Native USDC on Celo Blockchain
Share
Facebook Twitter LinkedIn Pinterest Email

Circle integrated USDC directly into the Celo blockchain, enabling faster and cheaper transactions with the native stablecoin. This is consistent with Circle and Celo’s shared mission to improve access to finance.

San Francisco-based financial services company Circle announced the launch of USDC on the Celo blockchain earlier this week. This allows users to access regulated US dollar stablecoins without the need to link assets across chains.

USDC is now natively integrated into Celo, joining existing stablecoin use cases on the blockchain including remittances, savings, lending, and payments. This move provides another way for developers and users to leverage USDC’s liquidity and settlement speed.

Celo is a mobile-first proof-of-stake blockchain focused on increasing access to cryptocurrency payments and financial services globally. Stablecoins are used for gas fees and settlement, enabling transactions similar to familiar fiat currencies.

According to Circle, adding USDC directly to Celo aligns with both companies’ goals of increasing financial inclusion and prosperity globally. Circle facilitates more than $100 billion in transactions annually, and Celo has an ecosystem of more than 1,000 projects in more than 150 countries.

Celo’s USDC use cases highlighted by Circle include:

  • Low-cost transfers and payments completed in seconds
  • Trade, lend and borrow 24/7 on DEXs like Uniswap
  • USDC-denominated savings account without a traditional bank account

Celo’s USDC has token address 0xcebA9300f2b948710d2653dD7B07f33A8B32118C. Celo community members have already proposed allowing gas fees to be paid in USDC, and a governance vote is expected soon.

Circle offers a fiat onramp that allows you to convert Celo to USDC through your Circle Mint account. The company said USDC is open source and any developer can integrate it into Celo DeFi apps and services.

The addition of USDC marks a significant stablecoin milestone for Celo, improving its real-world utility. For Circle, it continues its strategy of distributing USDC across multiple chains to increase access to and use of dollar-pegged digital currencies.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025

Trump is a magical Eden encryption wallet tie, Trump coin deep 13%

June 5, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025
Most Popular

Wrapped Bitcoin (WBTC) wallet loses $69,300,000 worth of cryptocurrency due to address poisoning scam

May 4, 2024

Popcat Eyes 3X Surge invests $ 80 million for whales, but what about Spot Traders?

April 12, 2025

Bitcoin profits are the first stop before the highest BTC price is high in $ 106K.

May 12, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.