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Celo’s on-chain stablecoin supply increased 7 times in 6 months

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The supply of stablecoins on the Celo chain has increased 7 times in half a year, ranking among the top L1/L2 in terms of growth rate, indicating that the Celo ecosystem is developing strongly and is expected to attract more users and capital inflows in the future.

According to Odaily Planet Daily, Celo development team cLabs said that based on Artemis data, since USDT and USDC were launched on Celo, its on-chain stablecoin supply has increased by about 7 times in the past 6 months to about US$340 million, ranking high among L1/L2 in terms of growth.

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Celo’s on-chain stablecoin supply increased 7 times in 6 months

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