Celo Euro (cEUR) is an algorithmic stablecoin native to the Celo blockchain, aiming to facilitate cross-border digital asset transfers within the European Union through a mobile-first approach. More
| Fully Diluted Valuation | $12.84M |
|---|---|
| 24H Trading Volume | $248,144 |
| 24H Low / High | $1.16 / $ 1.17 |
| Circulating Supply | 6.04 M |
| Total Supply | 11.01 M |
| Max Supply | ∞ |
| Categories | Algorithmic Stablecoin 3 more |
|---|---|
| Founder | Celo Platform |
| Website | celo.org |
| Socials | 7 more |
| Chains | Celo Ecosystem |
| Explorer | Celo 1 more |
| Contracts |
0xd87....6ca73
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| Name | Pair | OG Score |
|---|
Native to the Celo blockchain's Reserve system, cEUR is designed to track the value of the Euro (EUR) and facilitate seamless, cross-border transactions with the speed and convenience of a mobile phone.
The Celo Ecosystem:
Built on the Celo Platform, the Mento Protocol empowers the community to create various stable assets on the CELO blockchain, including cEUR. The platform, rooted in mobile-first blockchain technology, aims to democratize access to DeFi tools and services, making financial inclusion a reality for anyone with a mobile phone.
Addressing Adoption Challenges:
The Celo protocol tackles two primary impediments to widespread cryptocurrency adoption: ease-of-use and purchasing-power volatility. Through an innovative ecosystem of address-based encryption schemes, participants can validate phone number-to-public key mappings, allowing for user-friendly interactions. Additionally, stable-value assets like cEUR play a pivotal role in mitigating volatility, offering a reliable medium of exchange.
Stable-Value Assets and Elastic Supply:
Celo's multi-asset system includes cUSD, cEUR, and cREAL, alongside the governance and staking token CELO. The platform's elastic supply-based monetary policy ensures the stability of its stable-value assets, adjusting the circulating supply in response to price fluctuations. This elastic supply mechanism, backed by a variable-value reserve comprising assets like CELO, ETH, BTC, and DAI, fosters a resilient and decentralized financial ecosystem.
The Celo Reserve:
Central to Celo's stability is the Celo Reserve, a variable-value reserve system that underpins the platform's stabilized assets. This reserve leverages a diverse portfolio of cryptocurrencies, emphasizing decentralization and on-chain transactions. The meticulous use of assets like CELO, ETH, BTC, and DAI exemplifies Celo's commitment to maintaining a robust and stable financial infrastructure.
Community Governance and Launch:
The inception of cEUR in June 2021 exemplifies the commitment of the Celo community to decentralized governance. Through a community-driven proposal, cEUR was introduced to the Celo ecosystem, marking a significant milestone in the platform's journey towards creating a new payment market for the European Union.
Global Collaboration:
The Celo team comprises individuals from diverse backgrounds, including public and private sector experts, technology enthusiasts, and nonprofit organizations, united by a shared vision to contribute to the Celo ecosystem. Since the mainnet launch in 2020, the platform has continued to evolve, driven by a commitment to pioneering accessible and inclusive financial solutions.
Conclusion:
As Celo Euro (cEUR) continues to make waves in the DeFi space, its role in fostering financial inclusion and addressing the challenges of traditional payment methods becomes increasingly evident. With a foundation rooted in innovative technology, community governance, and a commitment to stability, Celo and its native stablecoin cEUR pave the way for a future where financial services are accessible to all, transcending borders and barriers.
Celo Euro (cEUR) contributes to financial inclusion by leveraging a mobile-first blockchain, enabling anyone with a phone to engage in decentralized finance. Its stable-value assets and user-friendly address-based encryption schemes address the challenges of ease-of-use and purchasing-power volatility.
Celo Euro (cEUR) stands out for its role in the Celo ecosystem, offering a stable-value asset on a mobile-first blockchain. Its innovative address-based encryption and elastic supply mechanism address key adoption challenges, making it a user-friendly and stable solution for cross-border transactions.
The Celo team is a global collaboration of public and private sector experts, technology enthusiasts, and nonprofit organizations, working together to contribute to the Celo ecosystem.
Celo's stability is supported by a variable-value reserve, including digital assets like CELO, ETH, BTC, and DAI. The platform's diverse portfolio emphasizes decentralization, ensuring a resilient financial infrastructure.
You can buy Celo Euro (CEUR) on Gate.io, Uniswap V3 (Celo), UbeswapSushiswap Celo cryptocurrency exchanges.
