Celo Stablecoin Supply Sees Significant Growth Over Six Months

According to Odaily, the Celo development team cLabs announced on X that the supply of stablecoins on the Celo blockchain has seen substantial growth. Based on data from Artemis, the supply of USDT and USDC on Celo has increased approximately sevenfold over the past six months, reaching around $340 million. This growth rate places Celo among the top performers in the L1/L2 category.