What is Celo Euro

Article Summary, Automatically Generated By AI

Summary


  • Platform:

    Celo Platform

  • Protocol:

    Mento Protocol

  • Stable asset:

    cEUR (tracks the value of the Euro)

  • Launch:

    June 2021 (through community governance proposal)

About Celo Euro (cEUR): A Stablecoin for the Future

Built atop the Celo Platform, the Mento Protocol empowers the community to craft a diverse array of stable assets, catering to users of the CELO blockchain and the bridges that seamlessly connect Celo to other chains. Notably, cEUR is one of the stable assets facilitated by the Mento Protocol, and it meticulously tracks the value of the Euro. Following a community governance proposal in June 2021, cEUR was successfully launched.

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