What you need to know: Native USDC is Launching on Celo

What you need to know: Native USDC is Launching on Celo

USDC

Native USDC is coming to Celo. Take a look below to learn more about Celo and what native USDC will mean for the ecosystem. 

 

Celo is a mobile-first, EVM-compatible blockchain that’s built for the real world and designed for fast, low-cost payments worldwide. The Celo ecosystem has over 1,000 projects in more than 150 countries, who are committed to Celo’s mission of creating economic prosperity for all. 

 

What you need to know

USDC issued by Circle will be native to Celo and is the official form of USDC for the ecosystem. USDC joins the ecosystem’s stablecoin use cases, including remittances, savings, lending, aid disbursement, peer-to-peer (P2P), and cross-border payments.  Businesses and developers can soon integrate USDC to provide fast, efficient, and secure mobile-first payments and stores of value with digital dollars. 

 

Benefits of native USDC 

  • Regulated, fully reserved and always redeemable 1:1 for US dollars
  • Enables institutional on/off-ramps like Circle Mint
  • Easy integration into existing Celo Apps

 

Why USDC on Celo 

  • A global, mobile-first user base 
  • An existing ecosystem of RWAs, including stablecoin use cases
  • A diverse network of fast-growing Apps & projects

 

Upcoming Governance Proposal

Additionally, keep an eye out for a future proposal from cLabs to the Celo community that would enable users to pay for network gas fees on Celo with native USDC. 


We’re very excited about what native USDC means for the Celo ecosystem. Please reach out on Discord if you have any questions.

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