Celo at $0.07 advances onchain FX as MentoLabs and Messari release open directory tracking 25+ stablecoins including UpDown and Numo.

According to @Celo, the Celo network hosts 25 native stablecoins, including USDT and USDC, alongside local currency stablecoins developed by MentoLabs (source: @Celo). At Binance Blockchain Week, @RegenRene highlighted real-world applications unlocked by local stablecoins, specifically on-chain lending (source: @Celo). Traders tracking Celo can note the availability of USDT, USDC, and local currency stablecoins on the network and that on-chain lending is a stated application (source: @Celo).

According to @Celo, monthly stablecoin transfer volume on Celo reached an all-time high of $3.9B this month, underscoring rising on-chain activity; source: Artemis. Celo holds over 90% weekly market share in Africa’s local stablecoin transactions since October 2024, highlighting dominant network penetration; source: Rafi @_muhraf_ and Dune. Stripe acquired the Valora team and the Valora wallet is now maintained by cLabs, signaling continuity for user access on Celo; source: @Celo. Daimo integrated with EtherFi, connecting MiniPay to a stablecoin neobank in Africa, expanding Celo’s retail on-ramps; source: Daimo and EtherFi via @Celo. The MentoLabs Swap Sprint concluded with 600+ participants and over 2,000 community posts, indicating active community-driven liquidity engagement; source: MentoLabs via @Celo. These data points reflect elevated network usage that traders track for CELO liquidity and fee dynamics on Celo; sources: Artemis and Dune.