UK CBI Retail Sales Balance in August

💫 While US dollar-backed stablecoins hold 90% market share in stablecoin transactions, the share of transactions directly using US dollars is 10%. The usage share of Euro-backed stablecoins is 1.1%.

The core of the Celo ecosystem consists of two different types of cryptocurrencies: Celo coin (CELO) and stablecoins. CELO, as the native token of the Celo blockchain, plays multiple roles in the network. It is not only a key tool for network governance, allowing holders to participate in major decisions, but also a necessary medium for paying transaction fees. Additionally, by staking CELO, users can become network validators, contribute to the security of the ecosystem, and earn corresponding rewards. At the same time, the Celo ecosystem has introduced stablecoins pegged to fiat currencies, among which the most representative are Celo Dollar (cUSD) and Celo Euro (cEUR). These stablecoins are designed to provide users with a price-stable digital asset option, maintaining a 1:1 price relationship with the US dollar and the euro, respectively. Taking cUSD as an example, its stability mechanism is built on an innovative 'over-collateralization' model. This model requires that the issuance of the stablecoin must be backed by CELO worth more than its value, with the collateralization rate typically exceeding 150%. This design ensures that even in the case of significant market fluctuations, cUSD can still maintain its value stability. Celo's stablecoins have shown significant advantages in practical applications, especially in the field of inclusive finance. They support low-cost cross-border transfers and daily payments, allowing users to perform various financial operations with just a smartphone, without the need for complex bank accounts. This greatly lowers the barriers to financial services, enabling more people to enjoy the convenience of the digital economy. It is worth noting that Celo's stablecoin adopts a decentralized issuance and adjustment mechanism. Unlike traditional centralized stablecoins, such as USDT, the entire operation process of the Celo stablecoin is automatically executed by smart contracts, with collateral data being completely open and transparent, and can be queried on the blockchain at any time. This not only enhances the credibility of the system but also reduces potential centralization risks. Overall, the Celo ecosystem cleverly balances innovation and stability through the dual driving force of CELO and stablecoins, providing new possibilities for building a more inclusive and efficient global financial system. As the ecosystem continues to develop and improve, Celo is expected to play an increasingly important role in promoting the adoption of blockchain technology and enhancing the accessibility of global financial services.

The Celo network is an impressive blockchain ecosystem, where its native encryption currency CELO and a range of stablecoins play a key role. CELO serves as the cornerstone of the ecosystem, undertaking multiple responsibilities. First of all, CELO is an important tool for network governance. Holders can participate in major decisions such as protocol upgrades and parameter adjustments, thereby influencing the development direction of the entire network. Secondly, CELO is also the "fuel" for network operations, and users need to pay CELO to complete transactions and execute smart contracts. In addition, by staking CELO, users can become validating nodes, participate in the network consensus process, and receive corresponding rewards. It is worth noting that the value of CELO will fluctuate with market supply and demand, and its price is closely related to the overall development of the Celo ecosystem and user activity. Compared to CELO, the stablecoins in the Celo ecosystem (such as cUSD and cEUR) have different characteristics and uses. Taking cUSD as an example, it employs an innovative "over-collateralization" mechanism to maintain price stability. Issuers are required to pledge CELO worth more than the value of the issued amount (typically with a collateralization ratio exceeding 150%). This mechanism can adjust the price by automatic liquidation or replenishing collateral when the price of cUSD deviates from 1 dollar. The design of Celo's stablecoin embodies its concept of inclusive finance. They support low-cost cross-border transfers and daily payments, allowing users to easily operate with just a mobile phone, without the need for complex financial accounts. This convenience enables financial services to reach more people who are not covered by traditional banking systems. It is worth mentioning that the decentralized nature of Celo stablecoins is also a significant feature. Unlike traditional stablecoins that rely on centralized institutions for issuance and management, the issuance and price adjustment of Celo stablecoins are fully executed automatically by smart contracts. This mechanism greatly enhances transparency, as all collateral data can be publicly queried on the blockchain. Overall, the Celo ecosystem provides users with a cryptocurrency environment that combines flexibility and stability through the clever design of its native tokens and stablecoins, making a positive contribution to the application of blockchain technology in the field of inclusive finance.

Minted some cUSD to get some exposure to megaeth_labs Higher points in epoch 1 cUSD = only points stcUSD = only yield DeFi shenanigans will start in epoch 2 in around 2 weeks

Are stablecoins only usable as US dollars? This might be our long-standing impression of stablecoins. With the advancement of Compliance and the narrative of public adoption, the stablecoin sector is welcoming more and more project parties, along with an increasing number of opportunities worth following for profit. Many top VCs support stablecoin yields. Here are the stablecoin projects in the current market worth following, brought to you by Rhythm BlockBeats. cap cap(@capmoney\_) is a new stablecoin protocol on the Ethereum mainnet, officially launched on August 18. The project announced in April this year that it had completed a $11 million funding round, with participation from Franklin Templeton and Triton Capital. The stablecoin protocol features a USD-pegged stablecoin $cUSD minted through USDC and allows for the generation of $cUSD through staking.