**Ethereum Co-Founder Applauds Celo’s Milestone**

Ethereum co-founder Vitalik Buterin recently praised the Celo blockchain for surpassing Tron in daily active addresses for stablecoins. Buterin highlighted Celo's progress in enhancing global access to basic payments and finance.

**Celo’s Transition to Ethereum Layer 2**

Celo is set to upgrade its Alfajores testnet to an Ethereum Layer 2 (L2) on Sept. 26. This transition marks Celo’s shift from a standalone blockchain to an integrated Ethereum L2 solution, aiming to improve network capabilities and enhance its relationship with the Ethereum ecosystem.

**Stablecoin Integration and Adoption**

In 2024, major stablecoins like USDC and Tether integrated with Celo, boosting its adoption. USDC amassed $40 million in supply on Celo, while Tether reported $209 million in circulation. This surge in stablecoin usage helped Celo surpass Tron in daily active addresses, driven by apps like Minipay and Valora.