Mobile blockchain platform Celo (CELO) has announced the launch of cREAL, a stablecoin pegged to the Brazilian local currency.
celo via the official Twitter account January 27 announced with a series of shares on stablecoin pegged to Brazilian local currency cREALBrazil-based cryptocurrency exchanges On Ripio, FlowBTC and NovaDAX will be available for sale. Also crypto wallet apps Bitfy and coins It will also support stablecoin.
currently dollar and euro’either fixed cUSD and cEUR Celo, an open-source blockchain with stablecoins, is cReal’s platform for mobile payments. third major development stated that.
Celo explains why Brazilian local currency is preferred as stablecoin. growing crypto adoption in the country said that.
Celo co-founder and President of the Celo Foundation, who says cREAL is recommended and subsequently approved by Celo’s local cryptocurrency (CELO) holders and blockchain administrators. René Reinsberg in a statement he gave;
There is a lot of enthusiasm for crypto in Brazil. Brazil was one of the strongest markets for adoption from the start.
made statements.
Latin America leader of the Celo Foundation Camila Rioja on the subject;
The increasing rate of cryptocurrency adoption in high-growth markets such as Brazil not only shows the increasing excitement for this new digital economy, but also shows that the usage areas of cryptocurrencies in daily life are increasing.
made statements.
