On February 22, 2024, Circle and the Celo Foundation announced that USDC is now available natively on the Celo network. With USDC on Celo, Community members around the world can send and receive one of the largest and most widely used stablecoins with low-cost transactions that can settle in seconds.
Starting today, you can purchase and add USDC to your Valora wallet via Ramp, a global cash-in provider, or by swapping into USDC through Valora’s in-app swaps feature.
You can then hold USDC in your Valora wallet as a stable currency or transfer it to any phone number instantly.
USDC is one of the leading stablecoins globally, providing people around the world with a trusted way to hold and send digital dollars. Native deployment of USDC on Celo brings a rapidly growing global payments network to Celo’s mobile-first blockchain, combining USDC as a trusted stablecoin with Celo’s fast, low-cost, and mobile-first transactions.
This integration provides both crypto-native audiences and emerging markets with a trusted, reliable way of holding stable value – combining the stability of the US dollar with the speed and efficiency of digital currencies. USDC joins Celo’s many stablecoin use cases, along with local currencies such as Mento’s cUSD, cREAL & eXOF; crypto-collateralized stablecoins pegged to the value of the US Dollar, Brazilian Real, and West African Franc.
With USDC on Valora, you can now enjoy:
One of Celo’s key features is high-speed transactions with low fees, making it ideal for seamless payments. USDC’s deployment on Celo will allow you to hold, stake, send, and receive USDC in Valora with the same user-friendly mobile experience you know and love.
Download Valora if you haven’t already to start using USDC on Celo.
You can now seamlessly swap between USDC and your Celo assets in Valora. Head to your home screen to get started.
In-app
Note: you will need to have some CELO in your wallet to pay for gas fees.
Swap into USDC liquidity pools on Uniswap
Note: you will need to have some CELO in your wallet to pay for gas fees.
This announcement is just the first of many. Follow @Valora, @Celo, and @Circle on X to keep up-to-date as more features become available.