Episode 11: Celo Stablecoin and CBDC projects

This podcast episode of the Future of Money Podcast by the Digital Euro Association focusses on Stablecoins. DEA founding member Manuel Klein talks with Markus Franke, Partner and economist at cLabs who work on Celo stablecoins, about what stablecoins are, which different types of stablecoins exist and which advantages and disadvantages the different types of stablecoins bring. After having described the different stablecoin-types, Manuel and Markus focus on the decentralized stablecoins of celo: Celo is a layer 1 blockchain with stablecoins like the Celo Dollar and Celo Euro that are optimised for decentralised finance applications on cell phones. Manuel and Markus discuss how the decentralized celo Stablecoins differ from centralized stablecoins and how they are issued, backed and redeemed. Last but not least, Markus explains how celo is aiming to become environmentally sustainable money and which use cases the members of the celo alliance for prosperity work on. Make sure to listen to this very insightful episode on a promising form of the private digital euro: the decentralized stablecoins of celo.