USDC Going Native on Celo? š
#Celo and Circle are reshaping finance by introducing USD Coin (USDC) on the Celo blockchain. This collaboration enhances real-world finance, broadening USDC's use cases and fortifying Celo's ecosystem.
Celo's transition to an Ethereum #layer-2 protocol involves a community vote on making USDC the gas currency. The partnership targets expanded USDC access, leveraging Celo's mobile-first user base in high-adoption regions.
Institutional users gain access to the Circle Mint on/off-ramp, fostering increased activity on Celo. This aligns with Circle's global expansion and Celo's commitment to regenerative finance.
Despite recent allegations, Circle actively collaborates with global entities, securing #USDC as the second-largest stablecoin with a $26.5 billion market cap.
