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CELOPublic
Celo
Symbol
CELO
Type
Public
Consensus
Proof of Stake
Launch Date
22-04-2020
Founder(s)
Rene Reinsberg, Marek Olszewski, Sep Kamvar
Developer
cLabs
About Celo
Celo is a mobile-first blockchain platform focused on making financial tools accessible to anyone with a smartphone. The network supports algorithmic stablecoins (cUSD, cEUR, cREAL) and enables transactions using phone numbers as addresses. Celo transitioned to an Ethereum Layer 2 using the OP Stack in 2024. The platform emphasizes social impact and financial inclusion, with significant adoption in Africa, Latin America, and Southeast Asia for mobile payments and remittances.
