Summary of Celo Platform-Native Stablecoins and the value they provide to the community.
Stable with Celo
Named for the currencies they follow, Celo Dollars (cUSD), Celo Euros (cEUR) and Celo Reals (cREAL) are Mento stablecoins that allow you to share value faster, cheaper, and more easily on your mobile phone. Mento stablecoins instantly unlock access for everyday uses like low-cost remittances and cross-border payments, global distribution of charitable aid, effortlessly paying online, or transferring value within exchanges, particularly in markets subject to currency volatility.
- Average Network Transaction Fee <$.01
- Algorithmic stabilization mechanism
- Publicly verifiable stability
- 5 second block times
- Can be used to pay gas fees
With payment applications and mobile solutions built on Celo users can easily transfer stable value globally using only a mobile number while retailers can accept Celo Dollars (cUSD) and Celo Euros (cEUR) as stable forms of payment online or and in-person,
Designed to enable a future without high transaction fees or expensive third party intermediaries for peer to peer payments, payments applications built on Celo allows its users to securely and instantly send and receive money locally or internationally without the burden of high transaction fees or third parties. With Celo, users can conveniently share directly on their mobile phones for as little as $0.01 to virtually anyone around the world.
Many individuals don’t have a way of establishing assets or credit history on which to receive loans. With Celo, companies can reimagine the possibilities of financing by enabling anyone with even a basic feature phone to access to save, send peer-to-peer payments, and even obtain loans.
Get Started with Celo
- Read Stability White Paper
- Celo Dollars (cUSD)
- Celo Euros (cEUR)
- Celo Real (cREAL)