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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.

Updated Sep 14, 2021, 1:16 p.m. Published Jun 24, 2021, 1:00 p.m.

Crypto bank Anchorage Digital said it is adding custody for the CEUR$1.1836 stablecoin.

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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.