Ethereum co-founder Vitalik Buterin recently endorsed Celo for surpassing Tron in daily active stablecoin addresses. Buterin also noted that Celo’s Alfajores testnet will upgrade to Ethereum Layer 2 (L2) on September 26, marking its shift from a Layer 1 blockchain to a more integrated L2 solution. This change strengthens Celo’s connection with Ethereum, offering enhanced functionality and bridging capabilities. In 2024, major stablecoins like USDC and Tether began supporting Celo, further driving adoption. Apps like Minipay have also played a key role, amassing millions of users and boosting stablecoin transactions on the network.
