Why Celo launched an algorithmic stablecoin pegged to Brazil's currency
The creators of a new Brazilian Real-pegged stablecoin called the Celo Real say it can complement Brazil's real-time payment system.
Source: theblockcrypto.com
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Celo issues Real-denominated stablecoin in Brazil
Celo, a leading, carbon-negative, Layer-1 protocol with a rich ecosystem of Web3 applications, today announced the activation of an algorithmic, Brazilian Real-denominated stablecoin Celo Real (cREAL).
Source: finextra.com