Hassan Maishera
On Friday, the Celo Foundation announced via a Medium post that wFIAT, the stablecoin stack from Ripio, the leading crypto infrastructure and digital finance platform in Latin America, is now live on Celo.
With the integration, Ripio’s stablecoins tracking the Argentine Peso, Brazilian Real, Mexican Peso, Colombian Peso, Chilean Peso, and Peruvian Sol are supported on Celo. In Ripio and Celo’s joint mission to increase accessibility of digital assets, users can on- and off-ramp at no cost.
Textile FX, the crosschain FX liquidity network born out of the Celo ecosystem, supports the launch as a day one partner with wARS (Argentine Peso) and wBRL (Brazilian Real) FX trading now live. Textile’s FX protocol is supported by leading institutional liquidity partner Tribeca Park Capital.
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), the CELO governance asset, and several Mento stable assets (cUSD, cEUR, cREAL) that enable 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 that are building on Celo to help create the conditions of prosperity for all.
CELO is down 1.36% in the last 24 hours and currently trades at $0.06173.
