{"id":10272,"date":"2024-01-30T19:36:28","date_gmt":"2024-01-30T17:36:28","guid":{"rendered":"https:\/\/forklog.com\/en\/circle-to-launch-usdc-stablecoin-on-celo-blockchain\/"},"modified":"2024-01-30T19:36:28","modified_gmt":"2024-01-30T17:36:28","slug":"circle-to-launch-usdc-stablecoin-on-celo-blockchain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/circle-to-launch-usdc-stablecoin-on-celo-blockchain\/","title":{"rendered":"Circle to Launch USDC Stablecoin on Celo Blockchain"},"content":{"rendered":"<p>Circle has announced the launch of its dollar-pegged stablecoin, USDC, on the Celo blockchain.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ Native <a href=\"https:\/\/twitter.com\/search?q=%24USDC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDC<\/a> is coming to <a href=\"https:\/\/twitter.com\/Celo?ref_src=twsrc%5Etfw\">@Celo<\/a>!<\/p>\n<p>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. <\/p>\n<p>Explore what native USDC on Celo means for the ecosystem. ?<a href=\"https:\/\/t.co\/ctUn9yWLDb\">https:\/\/t.co\/ctUn9yWLDb<\/a><\/p>\n<p>\u2014 Circle (@circle) <a href=\"https:\/\/twitter.com\/circle\/status\/1752330912036204733?ref_src=twsrc%5Etfw\">January 30, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cUSDC issued by Circle will be native to Celo, joining innovative use cases of the stablecoin in the ecosystem, including remittances, savings, lending, aid distribution, P2P, and cross-chain payments,\u201d <a href=\"https:\/\/x.com\/circle\/status\/1752330915211255872?s=20\">noted<\/a> company representatives.<\/cite><\/p><\/blockquote>\n<p>According to them, the Celo ecosystem includes over 1000 projects in more than 150 countries. Major partners include telecommunications company Deutsche Telekom and the Opera browser.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cThis partnership will help expand access to USDC and engage Celo\u2019s mobile-focused user base in regions where blockchain adoption is highest,\u201d said Circle&#8217;s Senior Business Development Manager, Seamus Noonan.<\/cite><\/p><\/blockquote>\n<p>Additionally, the Celo community will <a href=\"https:\/\/x.com\/circle\/status\/1752330919468519642?s=20\">consider<\/a> a proposal from cLabs to use USDC as a gas payment method in the network.\u00a0<\/p>\n<p>Circle&#8217;s stablecoin is the second largest in its segment, trailing only Tether&#8217;s USDT. The market capitalization of USDC <a href=\"https:\/\/www.coingecko.com\/en\/categories\/stablecoins\">stands at $26.4 billion<\/a>, while its main competitor&#8217;s is $95.9 billion.\u00a0<\/p>\n<p>USDC operates <a href=\"https:\/\/www.circle.com\/en\/multichain-usdc\">across various networks<\/a>, including Ethereum, Algorand, Base, Arbitrum, Stellar, Near, Solana, Avalanche, Optimism, Polygon, Flow, Hedera, Polkadot, and Tron.<\/p>\n<p>Back in November, Celo co-founder Marek Olszewski discussed preparations for reintegrating the layer-one blockchain with Ethereum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle has announced the launch of its dollar-pegged stablecoin, USDC, on the Celo blockchain.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1344,1220,910],"class_list":["post-10272","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-celo","tag-circle","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10272"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10272\/revisions"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}