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48 changes: 11 additions & 37 deletions build-on-celo/build-with-defi.mdx
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---
title: Build DeFi AI Agents
title: Build with DeFi
og:description: A beginner's guide to building DeFi applications on Celo
---

In this guide you can explore tooling and infrastructure for building DeFi on Celo.

## Overview

Stablecoins play a crucial role in decentralized finance (DeFi) by providing price stability, reducing volatility, and enabling seamless financial transactions. Celo has built an ecosystem optimized for stablecoins, making it a leading platform for real-world DeFi applications. With a focus on financial inclusion, building on Celo means enabling accessible and affordable financial tools for people around the world.
DeFi on Celo is designed for builders who want to create accessible, stable, and inclusive financial systems. This guide walks you through the key tools and infrastructure available for developing decentralized finance applications on Celo.

Stablecoins are at the heart of DeFi, they provide price stability, reduce volatility, and power seamless transactions. Celo’s ecosystem is uniquely optimized for stablecoins, supporting real-world use cases that go beyond speculation. By building on Celo, you’re contributing to a global movement that makes financial access open and affordable for everyone.

Explore below how to integrate stablecoins, exchanges, and oracles into your next DeFi project.

## Why Stablecoins Matter

Stablecoins are digital assets pegged to a stable reserve, such as fiat currency or a basket of assets. They provide key benefits in DeFi and financial transactions and financial inclusion:
[Stablecoins](build-with-local-stablecoin) are digital assets pegged to a stable reserve, such as fiat currency or a basket of assets. They provide key benefits in DeFi and financial transactions and financial inclusion:

<Info>
Check out ["Build with Stablecoins"](build-with-local-stablecoin) for an extensive list of all stablecoins on Celo.
</Info>

- **Price Stability** – Unlike volatile cryptocurrencies, stablecoins maintain a predictable value.
- **Low-Cost Transactions** – Sending stablecoins on Celo costs significantly less than on traditional blockchains.
Expand All @@ -23,40 +31,6 @@ Celo is uniquely positioned to advance the adoption of stable digital assets thr

The goal of Mento is simple: to provide a stable asset for every country in the world. These stable assets can be used for everyday payments, savings, remittances, and commerce—empowering individuals in regions with high inflation or limited access to traditional banking infrastructure.

### Celo Stablecoin Ecosystem

Celo offers multiple stablecoin options for different use cases:

| Stablecoin | Issuer | Use Case |
| ---------------- | ----------------------------------------------------------------------- | ------------------------------------------------- |
| **cUSD** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | US Dollar-pegged digital cash |
| **cEUR** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Euro-pegged stablecoin |
| **cREAL** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Brazilian Real-pegged stablecoin |
| **eXOF** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | CFA Franc-pegged stablecoin |
| **cKES** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Kenya Shilling-pegged stablecoin |
| **PUSO** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Philippine Peso-pegged stablecoin |
| **cCOP** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Colombia Peso-pegged stablecoin |
| **cGBP** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | British Pound-pegged stablecoin |
| **cCAD** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Canadian Dollar-pegged stablecoin |
| **cAUD** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Australian Dollar-pegged stablecoin |
| **cZAR** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | South African Rand-pegged stablecoin |
| **cGHS** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Ghanaian Cedi-pegged stablecoin |
| **cNGN** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Nigerian Naira-pegged stablecoin |
| **cJPY** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Japanese Yen-pegged stablecoin |
| **cCHF** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Swiss Franc-pegged stablecoin |
| **USDT** | [Tether](https://tether.to/en/) | Popular stablecoin on multiple blockchains |
| **USDC** | [Circle](https://www.circle.com/usdc) | Widely used stablecoin with high liquidity |
| **vEUR** | [VNX](https://vnx.li/) | Euro-pegged stablecoin |
| **vGBP** | [VNX](https://vnx.li/) | British Pound-pegged stablecoin |
| **vCHF** | [VNX](https://vnx.li/) | Swiss Franc-pegged stablecoin |
| **USDM** | [Mountain Protocol](https://mountainprotocol.com/) | Yield-bearing stablecoin |
| **USDA** | [Angle](https://www.angle.money/) | Yield-bearing USD stablecoin |
| **EURA** | [Angle](https://www.angle.money/) | Yield-bearing Euro stablecoin |
| **USDGLO** | [Glo Foundation](https://www.glodollar.org/) | Impact-driven stablecoin supporting global causes |
| **BRLA Digital** | [BRLA](https://brla.digital/) | Brazil-based stablecoin |
| **COPM** | [Minteo](https://minteo.com/) | Fiat-backed Colombian Peso Stablecoin |
| **G$** | [GoodDollar](https://www.gooddollar.org/) | UBI-focused stablecoin for financial inclusion |

## Examples of DeFi Applications on Celo

Celo supports a vibrant ecosystem of DeFi protocols that utilize stablecoins:
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37 changes: 36 additions & 1 deletion build-on-celo/build-with-local-stablecoin.mdx
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---
title: Build with Local Stablecoins
---
og:description: An overview of all stablecoins on Celo
---

### Celo Stablecoin Ecosystem

Celo supports a diverse range of fiat-referenced stablecoins designed for different regions and use cases, 6 USD-pegged and 20 regional currency-pegged stablecoins. The table below outlines their issuers and contract addresses across Celo Mainnet and Celo Sepolia.

| Stablecoin | Issuer | Use Case |Contract Address Mainnet|Contract Address Celo Sepolia Testnet|
| ---------------- | ----------------------------------------------------------------------- | ------------------------------------------------- |-------------|---------|
| **cUSD** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | US Dollar-pegged stablecoin | [0x765de816845861e75a25fca122bb6898b8b1282a](https://celoscan.io/address/0x765de816845861e75a25fca122bb6898b8b1282a) | [0xdE9e4C3ce781b4bA68120d6261cbad65ce0aB00b](https://sepolia.celoscan.io/address/0xdE9e4C3ce781b4bA68120d6261cbad65ce0aB00b) |
| **cEUR** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Euro-pegged stablecoin | [0xd8763cba276a3738e6de85b4b3bf5fded6d6ca73](https://celoscan.io/address/0xd8763cba276a3738e6de85b4b3bf5fded6d6ca73) | [0xA99dC247d6b7B2E3ab48a1fEE101b83cD6aCd82a](https://sepolia.celoscan.io/address/0xA99dC247d6b7B2E3ab48a1fEE101b83cD6aCd82a) |
| **cREAL** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Brazilian Real-pegged stablecoin | [0xe8537a3d056da446677b9e9d6c5db704eaab4787](https://celoscan.io/address/0xe8537a3d056da446677b9e9d6c5db704eaab4787) | [0x2294298942fdc79417DE9E0D740A4957E0e7783a](https://sepolia.celoscan.io/address/0x2294298942fdc79417DE9E0D740A4957E0e7783a) |
| **eXOF** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | CFA Franc-pegged stablecoin | [0x73F93dcc49cB8A239e2032663e9475dd5ef29A08](https://celoscan.io/address/0x73F93dcc49cB8A239e2032663e9475dd5ef29A08) | [0x5505b70207aE3B826c1A7607F19F3Bf73444A082](https://sepolia.celoscan.io/address/0x5505b70207aE3B826c1A7607F19F3Bf73444A082) |
| **cKES** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Kenya Shilling-pegged stablecoin | [0x456a3D042C0DbD3db53D5489e98dFb038553B0d0](https://celoscan.io/address/0x456a3D042C0DbD3db53D5489e98dFb038553B0d0) | [0xC7e4635651E3e3Af82b61d3E23c159438daE3BbF](https://sepolia.celoscan.io/address/0xC7e4635651E3e3Af82b61d3E23c159438daE3BbF) |
| **PUSO** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Philippine Peso-pegged stablecoin | [0x105d4A9306D2E55a71d2Eb95B81553AE1dC20d7B](https://celoscan.io/address/0x105d4A9306D2E55a71d2Eb95B81553AE1dC20d7B) | [0x0352976d940a2C3FBa0C3623198947Ee1d17869E](https://sepolia.celoscan.io/address/0x0352976d940a2C3FBa0C3623198947Ee1d17869E) |
| **cCOP** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Colombia Peso-pegged stablecoin | [0x8a567e2ae79ca692bd748ab832081c45de4041ea](https://celoscan.io/address/0x8a567e2ae79ca692bd748ab832081c45de4041ea) | [0x5F8d55c3627d2dc0a2B4afa798f877242F382F67](https://sepolia.celoscan.io/address/0x5F8d55c3627d2dc0a2B4afa798f877242F382F67) |
| **cGBP** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | British Pound-pegged stablecoin | [0xCCF663b1fF11028f0b19058d0f7B674004a40746](https://celoscan.io/address/0xCCF663b1fF11028f0b19058d0f7B674004a40746) | [0x85F5181Abdbf0e1814Fc4358582Ae07b8eBA3aF3](https://sepolia.celoscan.io/address/0x85F5181Abdbf0e1814Fc4358582Ae07b8eBA3aF3) |
| **cCAD** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Canadian Dollar-pegged stablecoin | [0xff4Ab19391af240c311c54200a492233052B6325](https://celoscan.io/address/0xff4Ab19391af240c311c54200a492233052B6325) | [0xF151c9a13b78C84f93f50B8b3bC689fedc134F60](https://sepolia.celoscan.io/address/0xF151c9a13b78C84f93f50B8b3bC689fedc134F60) |
| **cAUD** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Australian Dollar-pegged stablecoin | [0x7175504C455076F15c04A2F90a8e352281F492F9](https://celoscan.io/address/0x7175504C455076F15c04A2F90a8e352281F492F9) | [0x5873Faeb42F3563dcD77F0fbbdA818E6d6DA3139](https://sepolia.celoscan.io/address/0x5873Faeb42F3563dcD77F0fbbdA818E6d6DA3139) |
| **cZAR** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | South African Rand-pegged stablecoin | [0x4c35853A3B4e647fD266f4de678dCc8fEC410BF6](https://celoscan.io/address/0x4c35853A3B4e647fD266f4de678dCc8fEC410BF6) | [0x10CCfB235b0E1Ed394bACE4560C3ed016697687e](https://sepolia.celoscan.io/address/0x10CCfB235b0E1Ed394bACE4560C3ed016697687e) |
| **cGHS** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Ghanaian Cedi-pegged stablecoin | [0xfAeA5F3404bbA20D3cc2f8C4B0A888F55a3c7313](https://celoscan.io/address/0xfAeA5F3404bbA20D3cc2f8C4B0A888F55a3c7313) | [0x5e94B8C872bD47BC4255E60ECBF44D5E66e7401C](https://sepolia.celoscan.io/address/0x5e94B8C872bD47BC4255E60ECBF44D5E66e7401C) |
| **cNGN** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Nigerian Naira-pegged stablecoin | [0xE2702Bd97ee33c88c8f6f92DA3B733608aa76F71](https://celoscan.io/address/0xE2702Bd97ee33c88c8f6f92DA3B733608aa76F71) | [0x3d5ae86F34E2a82771496D140daFAEf3789dF888](https://sepolia.celoscan.io/address/0x3d5ae86F34E2a82771496D140daFAEf3789dF888) |
| **cJPY** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Japanese Yen-pegged stablecoin | [0xc45eCF20f3CD864B32D9794d6f76814aE8892e20](https://celoscan.io/address/0xc45eCF20f3CD864B32D9794d6f76814aE8892e20) | [0x85Bee67D435A39f7467a8a9DE34a5B73D25Df426](https://sepolia.celoscan.io/address/0x85Bee67D435A39f7467a8a9DE34a5B73D25Df426) |
| **cCHF** | [Mento](https://www.mentolabs.xyz/blog/3-new-decentralized-stablecoins) | Swiss Franc-pegged stablecoin | [0xb55a79F398E759E43C95b979163f30eC87Ee131D](https://celoscan.io/address/0xb55a79F398E759E43C95b979163f30eC87Ee131D) | [0x284E9b7B623eAE866914b7FA0eB720C2Bb3C2980](https://sepolia.celoscan.io/address/0x284E9b7B623eAE866914b7FA0eB720C2Bb3C2980) |
| **USDT** | [Tether](https://tether.to/en/) | Popular stablecoin on multiple blockchains | [0x48065fbbe25f71c9282ddf5e1cd6d6a887483d5e](https://celoscan.io/token/0x48065fbbe25f71c9282ddf5e1cd6d6a887483d5e) | [0xd077A400968890Eacc75cdc901F0356c943e4fDb](https://celo-sepolia.blockscout.com/address/0xd077A400968890Eacc75cdc901F0356c943e4fDb) |
| **USDC** | [Circle](https://www.circle.com/usdc) | Widely used stablecoin with high liquidity | [0xceba9300f2b948710d2653dd7b07f33a8b32118c](https://celoscan.io/token/0xceba9300f2b948710d2653dd7b07f33a8b32118c) | - |
| **vEUR** | [VNX](https://vnx.li/) | Euro-pegged stablecoin | [0x9346f43c1588b6df1d52bdd6bf846064f92d9cba](https://celoscan.io/token/0x9346f43c1588b6df1d52bdd6bf846064f92d9cba) | - |
| **vGBP** | [VNX](https://vnx.li/) | British Pound-pegged stablecoin | [0x7ae4265ecfc1f31bc0e112dfcfe3d78e01f4bb7f](https://celoscan.io/token/0x7ae4265ecfc1f31bc0e112dfcfe3d78e01f4bb7f) | - |
| **vCHF** | [VNX](https://vnx.li/) | Swiss Franc-pegged stablecoin | [0xc5ebea9984c485ec5d58ca5a2d376620d93af871](https://celoscan.io/token/0xc5ebea9984c485ec5d58ca5a2d376620d93af871) | - |
| **USDM** | [Mountain Protocol](https://mountainprotocol.com/) | Yield-bearing stablecoin | [0x59D9356E565Ab3A36dD77763Fc0d87fEaf85508C](https://celoscan.io/token/0x59D9356E565Ab3A36dD77763Fc0d87fEaf85508C) | - |
| **USDA** | [Angle](https://www.angle.money/) | Yield-bearing USD stablecoin | [0x0000206329b97DB379d5E1Bf586BbDB969C63274](https://celoscan.io/address/0x0000206329b97DB379d5E1Bf586BbDB969C63274) | - |
| **EURA** | [Angle](https://www.angle.money/) | Yield-bearing Euro stablecoin | [0xC16B81Af351BA9e64C1a069E3Ab18c244A1E3049](https://celoscan.io/address/0xC16B81Af351BA9e64C1a069E3Ab18c244A1E3049) | - |
| **USDGLO** | [Glo Foundation](https://www.glodollar.org/) | Impact-driven stablecoin supporting global causes | [0x4f604735c1cf31399c6e711d5962b2b3e0225ad3](https://celoscan.io/address/0x4f604735c1cf31399c6e711d5962b2b3e0225ad3) | - |
| **BRLA Digital** | [BRLA](https://brla.digital/) | Brazil-based stablecoin | [0xfecb3f7c54e2caae9dc6ac9060a822d47e053760](https://celoscan.io/token/0xfecb3f7c54e2caae9dc6ac9060a822d47e053760) | - |
| **COPM** | [Minteo](https://minteo.com/) | Fiat-backed Colombian Peso Stablecoin | [0xC92E8Fc2947E32F2B574CCA9F2F12097A71d5606](https://celoscan.io/token/0xC92E8Fc2947E32F2B574CCA9F2F12097A71d5606) | - |
| **G$** | [GoodDollar](https://www.gooddollar.org/) | UBI-focused stablecoin for financial inclusion | [0x62b8b11039fcfe5ab0c56e502b1c372a3d2a9c7a](https://celoscan.io/token/0x62b8b11039fcfe5ab0c56e502b1c372a3d2a9c7a) | - |
4 changes: 2 additions & 2 deletions home/index.mdx
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Expand Up @@ -35,8 +35,8 @@ Celo is designed with features that lower the entry barrier for those new to cry

#### Optimized for Global Reach:

- **Scalability**: Celo's focus on real-world use cases has already helped scale applications to over 250,000 daily active users (DAUs), proving its capability to support large-scale deployment.
- **Community Engagement**: Celo boasts an active global community of users and builders. With over 4 years of experience in bringing blockchain to real-world users, Celo offers a supportive environment for developers to test, launch, and scale their applications. Community members are engaged and eager to provide feedback, helping builders refine their products for broad, practical use. If you are interested in contributing, make sure to [reach out](/contribute-to-celo/index).
- **Global Distribution**: Build apps that scale to millions of global mobile wallet users via [MiniPay](https://www.minipay.to/).
- **Global Community**: Connect with our extensive network of Celo Regional Hubs to bring your app to real-world users.

## Get Started with Celo

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