cryptofamily

Celo recorded a remarkable price spike within an hour after Ethereum’s Vitalik Buterin gave the project a positive endorsement. 

Notably, in a post this morning, Buterin highlighted how Celo’s work aligns with Ethereum’s mission to improve access to financial services globally.

His comment came in response to a previous report from Artemis, which confirmed last week that Celo overtook Tron in stablecoin usage, specifically in daily active addresses. 

This came after Tether announced plans to launch USDT on Celo six months back. Interestingly, the disclosure from Tether came after a similar announcement from Circle to introduce USDC on Celo in January. 

Buterin’s latest support led to a spike in Celo’s price this morning, with a 19% surge within an hour pushing the token to a three-month high of $0.6552 before facing rejection. However, the hourly candle still closed with a 13% gain.

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