USDC token adopts Celo blockchain as native to enable gas payments

The collaboration between Celo and Circle aims to benefit both parties.

Circle's USD Coin (USDC) will be integrated into the Celo blockchain, enhancing its ability to handle real-world assets and facilitating exchange with traditional fiat currencies.

This move aligns with Celo's transition from an EVM-compatible layer-1 protocol to adopting an Ethereum layer-2 framework.

Additionally, there is a proposal to use USDC as the operational gas currency on the Celo platform, subject to a community vote.

Celo already supports various stablecoins, including cUSD, cEuro, cREAL, and eXOF, demonstrating its commitment to expanding its blockchain ecosystem and promoting the broader adoption of digital currencies.