Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Malam90 on January 22, 2021, 01:56:21 PM
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The developers behind Celo, a decentralized digital payments protocol, are plotting the launch of a new stablecoin which will be pegged to the euro.
Marek Olszewski, a partner at cLabs — one of the firms leading the development of the protocol — told The Block there had been a “flurry of activity” in the Celo community around launching a euro stablecoin over the past few months.
Testing of the on-chain governance proposals of the stablecoin is ongoing, but Olszewksi expects the token to launch in March.
The Celo platform already underpins a US dollar-pegged stablecoin, launched in the summer of last year, which can be used to make payments over mobile devices. News source (https://www.theblockcrypto.com/linked/91851/defi-payments-protocol-celo-digital-euro)
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CELO is good for now as it is in the top 100 Coinmarketcap and has a price of around 3 USD.
Then I also saw that CELO already has USD and this proves that CELO will be able to create stable EURO coins in cryptocurrency.
Hopefully in the near future everything will be realized because I also want to see if CELO can adopt EURO in the form of stable coins.
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CELO will continue to compete with Tether for stable coin types and this is the competition we've been waiting for since Tether became a superpower against stable coins.
CELO might find it difficult to beat Tether because Tether is amazingly having large funds, underneath there are also USDC, TUSD, Paxos stadar etc.
Hopefully this CELO will be able to compete perfectly and cleanly to be able to rise to the top ranking in the form of stable coins.
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Still Tether is a superb where there is no competitor but CELO can be performed well side by side they can bring stablecoin. I am eagerly waiting to see their new stablecoins soon.
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Still Tether is a superb where there is no competitor but CELO can be performed well side by side they can bring stablecoin. I am eagerly waiting to see their new stablecoins soon.
How confident can you be about Tether's security? I generally have very big plans to keep all my assets in cryptocurrencies and a significant part in USDT in order to stop using banking services. But as far as I can be sure of the safety of my funds with the help of tether, and this is one of the main questions for me today.
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Still Tether is a superb where there is no competitor but CELO can be performed well side by side they can bring stablecoin. I am eagerly waiting to see their new stablecoins soon.
yes i am also waiting to see their new stablecoins.i am now using BUSD for binance Exchange trade.if get any other good i will try it.
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CELO is good for now as it is in the top 100 Coinmarketcap and has a price of around 3 USD.
Then I also saw that CELO already has USD and this proves that CELO will be able to create stable EURO coins in cryptocurrency.
Hopefully in the near future everything will be realized because I also want to see if CELO can adopt EURO in the form of stable coins.
I have benefited by investing in Celo. There are already Usdt pairs. Stable coins are important in exchanges. So I use stable coin to trade on different coins or tokens. So I think a stable coin pair is important for every coin. Exchanges should be used the most. As is the case with good exchanges.