Stablecoin developments in the @Celo & @Ethereum ecosystem are heating up as the summer continues đŸ”„ đŸ§” Keep reading for Stable Mag issue #6, covering the exciting stablecoin highlights of the last two weeks ↓
2/ ICYMI: @VNX_Platform launches three new stablecoins on Celo, tracking the Euro, Swiss Franc & British Pound. With this integration, Celo is now home to *25* stablecoins 🏡 đŸ’±
We’re excited to announce the launch of our leading non-USD stablecoins on @Celo — the Home of Stablecoins! VNX stablecoins are now live on the Celo Blockchain: đŸ’¶ VNX Euro $VEUR 🇹🇭 VNX Swiss Franc $VCHF 🇬🇧 VNX British Pound $VGBP
3/ The Latest on Celo: → @TuCopFinance launches standalone app for Android & iOS, enabling everyday use for @Celo_Col & @MentoLabs' Colombian Peso stable, cCOP → @StabilaFnd rolls out the second round of @Aave V3 incentives, w/ yield & rewards for Wrapped ETH & USDT → @Velodrome launches support for Celo-native @USDC → @MentoLabs unveils new brand identity & the evolution of their mission as the home of onchain FX → @MiniPay kicks off Mega Boost Week, offering 4% rewards for holding @Tether_to USDT → @BandoCool offers 15% cashback to users leveraging Celo-native stables for real-world purchases on their app, @Farcaster or @MiniPay Mini Apps
New Launch Alert: $USDC USDC is now available to trade and LP on @Celo, paired with WETH & CELO. Emissions are flowingđŸšŽâ€â™‚ïž
4/ The Latest on @Ethereum & Beyond: → Ethereum-native stablecoins surpass 750K unique weekly users, an all-time high! (source: @TheBlock__) → Orgs on Ethereum generated $2B+ in fees during Q1 2025, w/ stablecoin issuers leading as the #1 market sector (source: @tokenterminal) → @0xprivacypools adds support for USDT, USDC & DAI for private Ethereum transactions → @Shopify enables USDC payments on @base for checkout via Shopify Payments & Shop → @PayPal expands PYUSD stablecoin to @StellarOrg → @Veda raises $18M from @CoinFund & more for crosschain stablecoin yield products → @LoopCrypto integrates w/ AI native subscription platform @getopenpay
Ethereum-based stablecoin adoption hits fresh all-time high with over 750,000 unique weekly users — a new all-time high
5/ 💡 The Big Idea: In his @CoinDesk op-ed, "The Future of Money is Streaming Now", @pbrody outlines how stablecoins' instant & low-cost transactions will change how businesses & individuals manage their money. With reduced buffers, finances might move like music: streaming quickly & on-demand
I wrote an article with the full explanation here:
6/ With @EthCC around the corner, anticipate even more exciting news from the @Celo & @Ethereum ecosystem next week ⌛ 👀 We'll be back with Stable Mag #7 in two weeks, follow along for additional updates in the meantime!
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