what's Celo Dollar?
Celo Dollar (cUSD) is a decentralized stablecoin pegged 1:1 to the US dollar, native to the Celo blockchain—an EVM-compatible Layer 2 on Ethereum optimized for mobile payments, stablecoins, and DeFi. It maintains its peg through overcollateralization with assets like CELO tokens and algorithmic reserves, enabling seamless integration for remittances, savings, and transactions in underserved regions with low fees and high speed via phone-number-based addresses.
Celo Dollar integrated into MegaETH's oracle for low-latency, just-in-time price feeds.
Integrated into MegaETH's native oracle for just-in-time updates alongside USDM and USDT, enabling low-latency price feeds on the 10ms chain.
CUSD is now available to trade and use as collateral on Pendle's platform on Unichain, with cross-chain PT (Principal Token) access enabled.
White paper released detailing CUSD stablecoin launch planned for 2027 with M0 integration becoming multi-chain for remittances and spending, DeoBank Protocol V1 launches in 2026, currently offers up to 26% APR on stablecoins and 18% on BTC/ETH with 0% interest borrowing for Diamond tier users.