Celo's native token experienced a 5% drop as Coinbase decided not to support its transition to an Ethereum Layer-2 network within Optimism's Superchain ecosystem. This move caused uncertainty and criticism within the community, with Tether confirming its continued support for the network post-transition. The CEO of Celo's developer cLabs expressed disappointment with Coinbase's stance, while Kraken's Inkchain founder assured support for the migration. Despite the setback, there are suggestions to rename the existing Layer-1 chain to accommodate Coinbase's support framework. Speculations arose regarding Coinbase's decision, with some attributing it to oversight rather than opposition. The complexities exchanges face when adding support for new chains, particularly in the US, were also highlighted. Overall, the community remains optimistic about Celo's integration into the OP Stack and the potential benefits it could bring. Read more AI-generated news on: https://app.chaingpt.org/news

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