Strategic partnership with Minteo: Celo has announced a strategic partnership with Latin American startup Minteo to launch COPM, a stablecoin tied to the Colombian Peso. Marking the thirteenth stablecoin in Celo’s ecosystem, COPM emphasizes significant expansion and growing acceptance in Colombia.

Transparency and trust with COPM: The COPM stablecoin is secured by fiat funds and can be redeemed on a 1:1 basis. Monthly audits ensure its transparency and reliability in operation. This transparency builds user confidence and enhances liquidity between Colombia and the United States.

Expansion in the Latin American market: Minteo plans to launch more local currencies on the blockchain like the Mexican Peso, Chilean Peso, and Peruvian Sol. Celo is evolving towards a more inclusive and robust financial environment in the region. These developments promise to facilitate a larger digital economy.

Technological development with layer 2 protocol: Celo continues to innovate with the transition to a layer 2 protocol for Ethereum, using Optimism’s Op Stack. This effort aims to improve security, practical applications, and developer experience within the blockchain ecosystem. It shows the long-term development potential of Celo.