Stabila Launches to Expand Celo Stablecoin Ecosystem

Aiming to increase the adoption and real-world use cases of stablecoins within the Celo ecosystem, the Stabila Foundation has introduced itself together with an initiative called the “On-Chain FX Campaign.”

Highlighting the growing adoption of stablecoins within the Celo ecosystem, the Stabila Foundation has announced its presence with an initiative dubbed the "On-Chain FX Campaign." Here's what this entails:

The foundation aims to empower users and developers, driving financial inclusion and strengthening the stability and utility of stablecoins on Celo, especially in emerging markets.

A network of key partners supports the Stabila Foundation, working together to enhance stablecoin adoption on Celo. These partners include Mento Labs, Angle Labs, BRLA Digital, and more.

Each partner plays a specific role in expanding stablecoin use cases, improving liquidity, and supporting innovative financial solutions within the Celo ecosystem.

The foundation's goal is to increase the utility of stablecoins and promote financial inclusion worldwide.

The Stabila Foundation's On-Chain FX Campaign is currently underway, inviting users to participate in FX spot markets via Stablecoin FX pools on Uniswap Protocol V3.

This launch aligns with a broader trend of leveraging blockchain technology and stablecoins to create more inclusive financial systems.

The foundation will continue its efforts by collaborating with more partners and launching additional campaigns to further drive stablecoin adoption.

Recently, the Celo Philippines DAO was established and launched $PUSO, a stablecoin tied to the Philippine Peso on the Mento Platform.

This article was originally published on BitPinas: Stabila Launches to Expand Celo Stablecoin Ecosystem

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