Ethereum layer 2 Celo is challenging Tron’s position because the blockchain with essentially the most each day energetic addresses utilizing stablecoins. The seven-day transferring common of the measure on Celo has climbed to just about 700,000, almost matching Tron’s tally, in line with information tracked by Artemis. The surge follows Tether’s determination to deploy its industry-leading dollar-pegged stablecoin, USDT, on Celo in March. Since then, USDT value over $200 million has been issued on Celo. On Wednesday, Ethereum founder Vitalik Buterin cheered Celo’s progress on X, galvanizing investor curiosity within the CELO token. As of writing, the cryptocurrency traded at 63 cents, representing an almost 20% acquire on a 24-hour foundation, in line with CoinDesk information.
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