Celo is a platform that serves as a global payment infrastructure for cryptocurrencies specifically aimed at mobile users. Its function makes it a crucial component of DeFi, where payments can be sent to and from any phone number in the world. Celo uses a dual token model where CELO is the governance asset for voting on changes to the protocol. Celo Dollars (cUSD), is a stablecoin mirroring the value of the US dollar. Celo uses a Proof of Stake governance mechanism called the Byzantine Fault Tolerance (BFT) that keeps the distributed network of computers in sync. CELO holders will be able to propose and vote on the creation of stablecoins that mirror the value of other national currencies, such as the euro or yen.
Celo (CELO) price history shows the highest value of 7.50 USD . We recorded this price on September 25, 2021, but we cannot exclude that a higher price was registered before September 9, 2021.