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Following Celo Dollar, The Team Behind Celo Will launch A Euro-Pegged Stablecoin

Mary Liu

Summary: According to The Block, the development team behind the decentralized digital payment protocol Celo is preparing to launch a stablecoin pegged to Euro. Marek Olszewski, a partner of cLabs, one of the development companies behind Celo, said that the on-chain governance protocol of euro-backed stablecoin is currently being tested, and the token is expected to be ...

According to The Block, the development team behind the decentralized digital payment protocol Celo is preparing to launch a stablecoin pegged to Euro.

Marek Olszewski, a partner of cLabs, one of the development companies behind Celo, said that the on-chain governance protocol of euro-backed stablecoin is currently being tested, and the token is expected to be launched in March.

Celo launched a US dollar-pegged stablecoin-Celo Dollar(cUSD)-that can be used to make payments via mobile devices In June 2020.

By Mary Liu

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