Celo's seven-day moving average of daily active addresses using stablecoins has climbed to nearly 700,000, nearly matching Tron's tally, as it takes a competitive stance.
In March, Tether deployed its USDT on Celo, leading to the issuance of over $200 million worth of USDT on the network and significantly boosting activity.
MiniPay, a mobile-first stablecoin wallet launched by Celo and Opera, saw over 1 million users in less than five months, showing its rapid adoption.
Vitalik Buterin praised Celo's efforts on X, emphasizing that improving access to finance globally is essential, which spurred investor interest and a notable rise in the CELO token.
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