Ethereum Founder Sello Praised for Overtaking Tron in Stablecoin Adoption!

Ethereum founder Vitalik Buterin backed Celo, surpassing Tron in daily active stablecoin addresses. Buterin also revealed that the Celo Alphazeros testnet will upgrade to Ethereum Layer 2 (L2) on September 26, marking the transition from a Layer 1 blockchain to a more integrated L2 solution. This change will strengthen Silo's relationship with Ethereum, providing improved functionality and linking capabilities. In the year By 2024, major stablecoins such as USDC and Tether will begin to support silos further driving adoption. Apps like Minipay have played a key role in generating millions of users and promoting stable coin transactions on the network.