Celo (CELO) Crypto News Today

Celo, originally launched as a layer-1 blockchain in 2020, has now transitioned to an Ethereum layer-2 protocol using optimistic rollups.

Stablecoin interoperability is becoming a major driving force for developers seeking to ease the cost and settlement burden of transactions.

Vitalik Buterin noted that Celo’s second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.

The peer-to-peer payments company aims to grow Web3 beyond its current crypto-native audience.

The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.

Tether has entered a collaboration with Celo to enable “sub-cent transaction fees” for USDT and facilitate feasible microtransactions.

The hookup between Celo and Circle will benefit both sides as Celo continues to advance real-world use cases and Circle expands its reach.

According to cLabs, the Celo transition would include leveraging OP Stack as the architecture to become an Ethereum L2 blockchain.

Celo blokchain's co-founder Rene Reinsberg believes Web3 adoption will require more block space and that Celo will be what the majority chooses on smaller screens.

Masa Finance announced its deployment on the Celo blockchain with its new “Prosperity Passport” identity solution for users.

The Celo blockchain supports mobile-first DeFi payment infrastructure; several projects building on the platform have received venture funding.

The attacker has scored about a half-million dollar “bug bounty” after choosing to return a majority of the cryptocurrency they exploited from the Celo-based lending protocol.

It was the first time the Celo mainnet had gone down in more than two years.

Celo aims to promote green use cases and rebalance its treasury with green asset-backed tokens with the help of Uniswap.

Research shows that throughput on Solana surpassed the leading EVM chain by a wide margin, leading researchers to predict that competing layer-1 chains will outdo EVM chains.