Anchorage Adds Custody for Celo's Euro Stablecoin

The cEUR token, which tracks the price of the euro, joins cUSD, which tracks the U.S. dollar.

AccessTimeIconJun 24, 2021 at 1:00 p.m. UTC
Updated Sep 14, 2021 at 1:16 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Crypto bank Anchorage Digital said it is adding custody for the Celo Euro (cEUR) stablecoin.

  • cEUR, which tracks the price of the euro, is one of two stablecoins available on the Celo network, the other being cUSD which tracks the U.S. dollar.
  • Anchorage has offered support for Celo's native token, CELO, since the mainnet's launch in May 2020.
  • Celo is a payments platform using a proof-of-stake blockchain built on Ethereum. It is designed to support stablecoins and tokenized assets, using cellphone numbers to secure users' public keys.
  • "Bringing institutional access to cEUR unlocks a critical capability for the Celo ecosystem," said Albert Wang, product partner at cLabs, a team working on Celo.
  • Celo has raised more than $65 million to date from investors including Andreessen Horowitz, Coinbase and Jack Dorsey.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



Read more about