1/ Most stablecoin transaction volume is related to trading.
However, @CeloOrg has designed a process to use stablecoins for primarily p2p payment purposes.
Celo aims to make stablecoins a sound and reliable alternative to cash, especially where access to banking is limited.
However, @CeloOrg has designed a process to use stablecoins for primarily p2p payment purposes.
Celo aims to make stablecoins a sound and reliable alternative to cash, especially where access to banking is limited.
2/ @CeloOrg is designed to make global payments with cryptocurrencies accessible to anyone with a mobile phone.
Given the breadth of this ambitious goal, Celo relies on dApp devs to build solutions on top of it leveraging smart contract compatibility for a variety of use cases.
Given the breadth of this ambitious goal, Celo relies on dApp devs to build solutions on top of it leveraging smart contract compatibility for a variety of use cases.
3/ The @CeloOrg stability mechanism relies on 2 types of tokens:
The first are elastic supply stablecoins pegged to fiat currencies like $cUSD or $cEUR.
The second is $CELO, the fixed supply governance and utility token of the system with floating value.
The first are elastic supply stablecoins pegged to fiat currencies like $cUSD or $cEUR.
The second is $CELO, the fixed supply governance and utility token of the system with floating value.
4/ Learn more about @CeloOrg and its unique approach to stablecoins in the latest article from @Cristianoventr2 messari.io/article/celo-a…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
