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, including enterprise partners like Deutsche Telekom, Google Cloud, and Opera, who are committed to Celo’s mission of creating economic prosperity for all.

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

1️⃣ Regulated, fully reserved and always redeemable 1:1 for US dollars

2️⃣ Enables institutional on/off-ramps like Circle Mint

3️⃣ Easy integration into existing Celo Apps

💡 Why USDC on Celo ??

1️⃣ A global, mobile-first user base

2️⃣ An existing ecosystem of RWAs, including stablecoin use cases

3️⃣ 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.