CELOUSDT
Celo/Tether·Spot·BINANCE
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About CELO
Layer 2
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Celo is a mobile-first blockchain platform designed to make financial tools accessible to anyone with a smartphone. The CELO token serves as the native asset for governance, staking, and securing the network through a proof-of-stake consensus mechanism. Celo focuses on financial inclusion by enabling users to send and receive payments using just phone numbers. The platform supports stablecoins pegged to various fiat currencies, making it easier for users to transact in familiar units of value. Celo's architecture prioritizes mobile usability, fast transaction speeds, and low fees to enable widespread adoption. The network supports smart contracts and decentralized applications focused on financial services and social impact. Celo aims to create conditions for prosperity by making financial tools accessible to everyone, particularly in underserved communities. As of March 2025, Celo transitioned from a standalone Layer 1 blockchain to an Ethereum Layer 2.
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