Celo

Future

2024

Bitcoin

<h4><strong>This move marks a stride towards global financial inclusivity and empowerment through blockchain.</strong></h4> 
<p>Celo, with its mobile-first, real-world-focused blockchain, is an ideal partner for this journey.</p> 
<h5><strong>Celo &amp; Tether: Partnering for a Financially Inclusive Future</strong></h5> 
<p>The partnership between <a href="https://www.altcoinbuzz.io/?s=tether" target="_blank" rel="noopener">Tether</a> and Celo is poised to redefine the landscape of digital finance. Especially in areas of the world where traditional banking services are scarce or nonexistent.</p> 
<p>Celo’s global ecosystem of over 1,000 projects in 150+ countries showcases its commitment to universal financial access via mobile. This vision aligns seamlessly with Tether’s mission of broadening the accessibility and utility of digital currencies.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Welcome to the Celo ecosystem, <a href="https://twitter.com/Tether_to?ref_src=twsrc%5Etfw">@Tether_to</a>! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>Tether just announced plans to deploy native USDT on Celo, expanding everyday use cases on the mobile-first, EVM-compatible blockchain network built for the real world <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> Why is this important? Keep reading below ↓ <a href="https://t.co/Aim9Lqvd7c">pic.twitter.com/Aim9Lqvd7c</a></p> 
 <p>— Celo <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f333.png" alt="🌳" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Celo) <a href="https://twitter.com/Celo/status/1767174290653454809?ref_src=twsrc%5Etfw">March 11, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>One of the most striking benefits of this integration is the dramatic reduction in transaction fees to sub-cent levels. This breakthrough enables microtransactions with USDT, free from high fees. This feature is vital in regions where every cent counts, making new digital transactions possible.</p> 
<p>The integration leverages Celo’s EVM-compatible infrastructure, enhancing the interoperability within the blockchain ecosystem. This compatibility lets developers easily create <a href="https://www.altcoinbuzz.io/?s=dapps" target="_blank" rel="noopener">dApps</a> on Celo using USDT for stable value exchange.</p> 
<h5><strong>More About the Celo &amp; Tether Partnership</strong></h5> 
<p><a href="https://github.com/celo-org/SocialConnect" target="_blank" rel="noopener">SocialConnect</a>, an innovative feature of the Celo network, further enriches the user experience by enabling social mapping. This streamlines USDT transactions to contacts, creating a more connected financial network.</p> 
<p>Additionally, the partnership simplifies fiat to USDT conversions via Fiat Connect’s on- and off-ramping API. This feature offers a vital bridge between traditional and digital finance in regions with limited digital currency access.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">3/ Benefits of the integration include:</p> 
 <p>→ Sub-cent transaction fees, enabling microtransactions for all<br>→ EVM-compatible infrastructure, enhancing interoperability<br>→ Social mapping via SocialConnect<br>→ On- &amp; off-ramping API standard <a href="https://twitter.com/FiatConnect?ref_src=twsrc%5Etfw">@FiatConnect</a></p> 
 <p>— Celo <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f333.png" alt="🌳" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Celo) <a href="https://twitter.com/Celo/status/1767174298480091435?ref_src=twsrc%5Etfw">March 11, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Moreover, Tether’s integration into the Celo ecosystem brings it alongside Mento Labs’ stablecoins, such as cREAL and eXOF, which track the Brazilian Real and West African Franc, respectively. This inclusion not only diversifies the stablecoin offerings within the Celo ecosystem but also propels Celo forward as the premier ecosystem for stablecoins and <a href="https://www.altcoinbuzz.io/?s=real+world+assets" target="_blank" rel="noopener">real-world assets (RWAs)</a>.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">powered by the Mento stable <a href="https://twitter.com/search?q=%24cUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$cUSD</a> <a href="https://t.co/CtsPr12gVz">https://t.co/CtsPr12gVz</a></p> 
 <p>— Mento Labs (@MentoLabs) <a href="https://twitter.com/MentoLabs/status/1701881714744623289?ref_src=twsrc%5Etfw">September 13, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>In essence, Tether’s move to deploy native USDT on Celo is a monumental step forward in the joint mission of enhancing financial inclusion and empowering individuals worldwide.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/tether-joins-celo-boosting-global-finance/">Tether Joins Celo: Boosting Global Finance</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Tether Joins Celo: Boosting Global Finance

Altcoin Buzz

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