## TLDR Celo (CELO) is a mobile-first Ethereum layer-2 blockchain designed to make decentralized financial tools accessible globally, focusing on real-world payments and stablecoins. 1. **Mobile-first financial access** – Enables crypto transactions via phone numbers and low-cost stablecoins. 2. **Ethereum L2 integration** – Combines Ethereum’s security with fast, affordable transactions for everyday use. 3. **Governance-driven ecosystem** – CELO token holders vote on protocol upgrades and stablecoin management. ## Deep Dive ### 1. Purpose & Value Proposition Celo aims to democratize financial access by simplifying crypto transactions for mobile users. Its core innovation maps phone numbers to wallet addresses, allowing users to send crypto as easily as texting. This addresses barriers like technical

What is Celo (CELO)?

By CMC AI24 September 2025 10:55AM (UTC+0)

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TLDR

Celo (CELO) is a mobile-first Ethereum layer-2 blockchain designed to make decentralized financial tools accessible globally, focusing on real-world payments and stablecoins.

Mobile-first financial access – Enables crypto transactions via phone numbers and low-cost stablecoins.
Ethereum L2 integration – Combines Ethereum’s security with fast, affordable transactions for everyday use.
Governance-driven ecosystem – CELO token holders vote on protocol upgrades and stablecoin management.

Deep Dive

1. Purpose & Value Proposition

Celo aims to democratize financial access by simplifying crypto transactions for mobile users. Its core innovation maps phone numbers to wallet addresses, allowing users to send crypto as easily as texting. This addresses barriers like technical

CMC AI can make mistakes. Not financial advice.