Hassan Maishera
On Tuesday, the Celo Foundation announced via X that Celo's XAUt0 Market is now live on Morpho. This comes a month after Morpho Markets and Vaults went live on Celo, bringing yield to 700k+ daily users worldwide, especially in emerging markets in Latin America, Sub-Saharan Africa, and Southeast Asia.
Celo is an open platform that supports various distributed applications, smart contract development, and payments using e-mail addresses and phone numbers as public keys.
Celo is a carbon-negative, permissionless, blockchain with a rich ecosystem of global partners building innovative Web3 dapps to support a more inclusive financial system.
Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo platform), CELO governance asset, and several Mento stable assets (cUSD, cEUR, cREAL) that allow for real-world users to use digital assets.
The open source Celo mainnet launched on Earth Day 2020. The Celo community passed an indicative on-chain governance proposal (temperature check) to have Celo migrate to an Ethereum layer-2. Google Cloud, Deutsche Telekom, Telefonica, and many others run validators on the Celo Platform.
Today, the Platform supports 1,000+ projects in over 150 countries are building on Celo to, helping to create the conditions of prosperity for all.
CELO is up 4.5% in the last 24 hours and currently trades at $0.08482.
