CLabs is collaborating with eCurrency to allow central banks launching or trailing CBDCs to use the Celo blockchain to enable end users to access DeFi products. LedesmaLyllah reports.
will be able to use the Celo blockchain to allow end users access to decentralized finance products, according to a press release.
The Celo blockchain allows native and non-native digital assets to circulate freely across devices, carriers and countries, according to the Celo website.ECurrency enables central banks to mint and issue CBDC instruments to financial intermediaries in compliance with existing legal frameworks. In 2021, eCurrency worked with the Bank of Jamaica on the pilot of the
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