Celo crypto is carving out its niche in the layer-1 arena, challenging Tron in the race for daily active stablecoin addresses.
Recent strides, like gaining recognition from Grayscale Research and making strategic ecosystem moves, have elevated Celo’s profile.
Celo Crypto: The Battle for Stablecoin Dominance
Celo is gaining ground in the stablecoin scene, closing in on Tron with a rising count of daily active addresses.
Data from Artemis shows Celo’s seven-day moving average of active stablecoin addresses approaching 700,000—nearly matching Tron’s stats. This uptick follows Tether’s launch of USDT on Celo, which has already issued over $200 million since March.
Vitalik Buterin chimed in on Celo’s achievements, “Improving worldwide access to basic payments/finance has always been a key way that Ethereum can be good for the world, and it’s great to see @Celo getting traction.”
Teaming up with Opera, Celo launched MiniPay, a mobile-first, non-custodial stablecoin wallet that enables instant fund transfers using phone numbers.
In just five months, MiniPay has drawn over a million users across Africa, particularly in Nigeria, Ghana, and Kenya. This milestone reflects Celo’s focus on advancing financial access through easy-to-use mobile solutions.
Celo is stepping up as an Ethereum layer 2 network, with its payment solution adoption rising. Grayscale Research has recognized its potential, placing Celo in its top 20 crypto assets with promising growth for the next quarter. Grayscale’s focus is clearly on projects that have distinctive adoption and innovation.
Celo Might 10x, But So Will New Altcoin Crypto All-Stars
Celo is catching the eye of Grayscale and retail investors and becoming a rising star.
At the same time, the original star Crypto All-Stars ($STARS) is shaking up the meme coin stage, pulling in $2 million in its presale and sparking market excitement.
Offering passive income via unified staking, $STARS lets Dogecoin and Pepe holders stake together and earn $STARS.
$STARS holders also will unlock triple rewards, promising unmatched returns. With a price jump from $0.00138 to $0.0014769 and another spike imminent, investors are all in on this Q4 token.
Grab hold of this exciting new presale now!
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
