$ 1.1119 USD
$ 1.1119 USD
$ 4.642 million USD
$ 4.642m USD
$ 1.605 million USD
$ 1.605m USD
$ 5.342 million USD
$ 5.342m USD
4.162 million CEUR
Issue Time
2021-06-29
Platform pertained to
--
Current price
$1.1119USD
Market Cap
$4.642mUSD
Volume of Transaction
24h
$1.605mUSD
Circulating supply
4.162mCEUR
Volume of Transaction
7d
$5.342mUSD
Change
24h
0.00%
Number of Markets
47
Current Rate0
0.00USD
3H
0.00%
1D
0.00%
1W
0.00%
1M
+0.75%
1Y
+4.08%
All
-6.69%
Celo Euro (cEUR) is a stablecoin issued on the Celo blockchain platform, designed to maintain a value pegged to the Euro. It aims to facilitate seamless and low-cost cross-border transactions and provide financial accessibility in regions with limited banking infrastructure. Celo Euro is part of Celo's broader mission to create an inclusive financial system through blockchain technology that supports multiple stablecoins pegged to various fiat currencies.
The use of cEUR enables users to send and receive money as easily as sending a text message, even on basic smartphones without the need for a bank account. This functionality is particularly beneficial for remittances and microtransactions in economies where traditional financial services are scarce or non-existent.
Celo's platform uses a proof-of-stake consensus mechanism, allowing holders of its native token, CELO, to participate in governance decisions and help secure the network. Celo Euro enhances the ecosystem by providing a stable, scalable, and user-friendly currency option for global transactions.
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