Celo launches stablecoin pegged to Brazilian real

Celo launches stablecoin pegged to Brazilian real
фото показано с : invezz.com

2022-1-29 16:25

Celo (CELO/USD), a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users, has launched cREAL, a stablecoin pegged to the Brazilian real, CoinDesk reported. This is the platform’s third stablecoin after cUSD and cEUR, which are pegged to the U.S. dollar and the euro respectively.

cREAL was introduced on Brazil-based crypto exchanges Ripio, FlowBTC and NovaDAX today. It is also supported by a few crypto wallets.

Users can spend stablecoins with prepaid crypto card

Users of NovaDAX can use the prepaid crypto card issued by the exchange. Celo owners and blockchain governors proposed and approved the cREAL according to Rene Reinsberg, Celo cofounder and CELO Foundation President.

Reinsberg commented:

There was a lot of excitement for crypto in Brazil. Specifically in the Celo community, we have seen a lot of teams built on Celo, integrated with Celo, using cUSD. From the outset, Brazil was obviously one of the strongest markets in terms of adoption.

cREAL can be used for CeFi and DeFi apps and services on the Celo blockchain, such as the decentralized exchange Ubeswap, the lending protocol Moola Market, or Valora, a mobile-first digital wallet native to the Celo network. It works as a decentralized, crypto-collateralized algorithmic stablecoin.

Celo Foundation’s Latam lead Camila Rioja said:

The rate of cryptocurrency adoption in high-growth markets — in particular Brazil — not only signals growing excitement for this new digital economy, but the advance of real-world use cases.

Record inflation of the real

Brazilians are embracing stablecoins amid record inflation and devaluation of the real. Between January and November last year, they traded $11.4 billion in stablecoins, which was almost triple the total traded the previous year.

Striking while the iron’s hot

Global exchanges such as Coinbase, Binance, and Crypto.com are aiming to take advantage of that crypto boom. In 2022, Brazil is projected to be Latin America’s main market.

Celo Foundation’s president added that Celo supports a number of projects in the country, including ImpactMarket, a universal basic income program running on Celo, which has delivered blockchain-based aid to 10,000 beneficiaries in Brazil so far.

Last December, Kickstarter announced it would release a decentralized version of its core functionality on the Celo blockchain.

La notizia Celo launches stablecoin pegged to Brazilian real era stato segnalata su Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Celo (CGLD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.4897
Капитализация $0 Rank 99999
Цена в час новости $ 3.173 (-100%)

pegged stablecoin celo real brazilian platform coindesk

Источник: invezz.com

pegged stablecoin → Результатов: 126


Фото:

Ethereum Fees Crashes 80% Much Like Transaction Count as ETH Price Retreats

The most popular USD pegged stablecoin Tether that is the second biggest gas guzzler on the Ethereum network recently adopted OMG Network for the settlement. This integration between Tether and Layer 2 solution for Ethereum – OMG Network is expected to result in a reduction of fees and confirmation times, which has become extremely important […]

2020-8-22 20:03


Фото:

This Factom-Based Stablecoin Network is About to See $1 Billion in Conversions

The Factom-based stablecoin network PegNet is fast approaching $1 billion in total conversions, which is a significant number that elucidates the rapid adoption the network is currently incurring. PegNet is a unique distributed network that allows users to easily access and utilize a variety of different assets – including fiat, crypto, precious metals, and more – however they so choose by using “Pegged Asset Tokens” that are essentially digital copies of the underlying asset that they represent.  The platform’s conversion […]

2020-4-1 03:45


Algorand’s PoS Blockchain Launches First Stablecoin In Partnership With Tether’s USDt

Tether has teamed up with Algorand to issue the US dollar pegged USDT on the proof-of-stake (POS) DLT platform, Cointelegraph reports. In a press statement issued on Monday Feb. 10, Tether said that it aims at taking advantage of the innovative aspects of the blockchain which are present on Algorand 2.0 like immediate confirmation of […]

2020-2-10 22:40


Фото:

British Virgin Islands Rebuts Launching Stablecoin

The government of the British Virgin Islands has recently announced that it will not be launching its own stablecoin, despite local media reports of a pegged digital asset being in development. BVI Denies Digital Currency Rumors Only two weeks ago, around December 3rd, the government of the British Virgin Islands (BVI) announced that it will launch its own stablecoin — BVI-LIFE.

2019-12-18 13:06


Bitcoin Not Threatened by Cryptocurrency Launched by Laureate-Advised Firm

Amidst regulatory uncertainty, U. K. -based Saga hopes to introduce a global digital currency that lawmakers and consumers alike find agreeable. The “stablecoin” (think Tether) is pegged to a basket of fiat currencies and is not anonymous, making it unlikely to win over Bitcoin enthusiasts who value the coin’s decentralized mode of operation.

2019-12-11 20:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto ATM market to hit $2.6b by 2032, survey shows

The global crypto ATM market, worth $87.35 million in 2023, is expected to grow at an average rate of 45.7% per year, reaching $2.58 billion by 2032. The global crypto ATM market, valued at $87.35 million in 2023, is expected…

Около 260 млн игроков покинули игру Hamster Kombat

Популярная «тапалка» Hamster Kombat больше не популярна. Игроки массово покидают проект. В начале августа ежемесячное количество игроков Hamster Kombat оставляло более 300 млн человек. К ноябрю этот показатель обвалился до 40,9 млн.

Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election

As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year.   While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the upcoming hours.