{"id":70329,"date":"2024-01-30T18:33:19","date_gmt":"2024-01-30T22:33:19","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=70329"},"modified":"2024-01-30T18:35:53","modified_gmt":"2024-01-30T22:35:53","slug":"circle-will-launch-usdc-on-celo-network","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/circle-will-launch-usdc-on-celo-network\/","title":{"rendered":"Circle Will Launch USDC on Celo Network"},"content":{"rendered":"\n

Circle plans to introduce USDC, a stablecoin pegged to the US dollar, to the Celo blockchain network<\/a>.<\/p>\n\n\n\n

\"Circle
Circle Will Launch USDC on Celo Network<\/figcaption><\/figure>\n\n\n\n

To enhance its capacity and performance, Celo, a blockchain network that operated independently at first, is joining the Ethereum network as a Layer 2 scaling solution<\/a>.<\/p>\n\n\n\n

\n

1\/ Native $USDC\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> is coming to @Celo<\/use><\/svg><\/span><\/a>!

Celo is a mobile-first and EVM-compatible blockchain network that\u2019s built for the real world and designed for fast, low-cost payments worldwide.

Explore what native USDC on Celo means for the ecosystem. \ud83d\udc47https:\/\/t.co\/ctUn9yWLDb<\/use><\/svg><\/span><\/a><\/p>— Circle (@circle) January 30, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

“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<\/use><\/svg><\/span><\/a> at Circle, said in a statement.<\/p>\n\n\n\n

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“This partnership will help broaden access for USDC and leverage Celo's mobile-first user-base in regions where blockchain adoption is highest.”<\/p>\n<\/blockquote>\n\n\n\n

Initially, Celo operated as a Layer 1 network that was Ethereum Virtual Machine <\/a>(EVM) compliant. The transition to a Layer 2 protocol was suggested by CLabs, the development team of Celo, and approved by a majority vote in July. <\/p>\n\n\n\n

With this change, Celo will perform better thanks to Ethereum's well-established system. Celo's currency, CELO, is currently $0.683, indicating a 3.5% growth over the previous day.<\/p>\n","protected":false},"excerpt":{"rendered":"

Circle plans to introduce USDC, a stablecoin pegged to the US dollar, to the Celo blockchain network. To enhance its capacity and performance, Celo, a blockchain network that operated independently at first, is joining the Ethereum network as a Layer 2 scaling solution. “Circle is proud to join the mission-driven Celo ecosystem as a blockchain […]<\/p>\n","protected":false},"author":43,"featured_media":70331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[18158,1658,1106],"class_list":["post-70329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-celo-network","tag-circle","tag-usdc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/01\/croc_1706652591580.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/70329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=70329"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/70329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/70331"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=70329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=70329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=70329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}