Celo Launched an Algorithmic Stablecoin Pegged to Brazil's Currency

TokenInsight news, Open-source blockchain Celo launches a Brazilian Real-pegged, algorithmic stablecoin called the Celo Real (cREAL). Brazilian crypto exchanges FlowBTC, NovaDAX and Ripio, as well as wallets Bitfy and Coins, will all provide access to the cREAL stablecoin. The cREAL stablecoin is said to be available for DeFi applications on its blockchain, such as Moola Market for collateralized loans. People in Brazil can also load cREAL into their Bitfy wallets to pay merchant bills belonging to the network of leading Brazilian payment processor, Cielo.