Celo Launched an Algorithmic Stablecoin Pegged to Brazil's Currency

TokenInsight news, Open-source blockchain Celo launches a Brazilian Real-pegged, algorithmic stablecoin called the Celo Real (cREAL). Brazilian crypto exchanges FlowBTC, NovaDAX and Ripio, as well as wallets Bitfy and Coins, will all provide access to the cREAL stablecoin. The cREAL stablecoin is said to be available for DeFi applications on its blockchain, such as Moola Market for collateralized loans. People in Brazil can also load cREAL into their Bitfy wallets to pay merchant bills belonging to the network of leading Brazilian payment processor, Cielo.
Source

Stablecoins

In This Article

Related News
Stablecoins Market Cap Expands Signifying Enhanced On-Chain Liquidity Stablecoins Market Cap Expands Signifying Enhanced On-Chain Liquidity
U.S. Treasury Official Warns Against Non-U.S. Stablecoin Issuers U.S. Treasury Official Warns Against Non-U.S. Stablecoin Issuers
Prisma Finance Launched $PRISMA Token Prisma Finance Launched $PRISMA Token
Circle to End Support for Individual Mint Account Circle to End Support for Individual Mint Account
Frax Partnered With RWA Lending Protocol TProtocol, Launched Curve Liquidity Mining Frax Partnered With RWA Lending Protocol TProtocol, Launched Curve Liquidity Mining
Latest News More More
Starknet Announced 1.8 Billion $STRK Token Airdrop Plan
Binance Needs to Grant U.S. Authorities Access to All Documents and Records Under New Compliance Obligation
2 Days Ago Babylon Protocol Raised $18M, co-led by Polychain Capital and Hack VC, and to Introduce $BTC Staking
2 Days Ago LayerZero Confirms Token Launch in First Half of 2024
3 Days Ago Bitcoin Mining Pool Ocean Mining to Start Censor Ordinal Inscriptions
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open