CELO and Celo stablecoins are assets supported on the Celo Network, which provides fast, secure, and stable digital payments. The two main differences between these assets are function and price.
Celo stablecoins' values tracks the value of their fiat counterpart. For example, Celo Dollars tracks the US Dollar and Celo Euro tracks the Euro. Since they track a fiat currency, they are said to be 'stable'. It is also built for accessibility and ease of use, so you can easily pay, save and send with Celo stablecoins using Valora.
CELO is the native asset and core utility, governance, reserve, and staking mechanism for the Celo Network. When you own CELO you can have a say by voting in how the Celo Network evolves and grows over time. CELO has a fixed supply, and a variable value related to the total value of stablecoins in circulation in the Celo ecosystem. Learn more about governance on the Celo Network.
Valora supports the following Celo stablecoins:
Celo Dollars (cUSD)
Celo Euros (cEUR)
Celo Real (cREAL)