Invezz 2025-05-14 17:04:03

CELO’s bullish momentum resumes as MiniPay wallet goes live on iOS and Android

The price of CELO has regained its bullish momentum after a short pullback following the debut of Celo-based stablecoin wallet MiniPay on iOS and Android. MiniPay @minipay · Follow MiniPay is now live as a standalone app for iOS & Android!🌏 Redefining global payments with a stablecoin wallet for real-world use.Now available in 50+ countries: opr.as/getMinipay Non-custodial. Instant transfers for @Celo . Supports USDT, cUSD & 5:30 pm · 13 May 2025 231 Reply Copy link Read 63 replies Celo’s token price jumped to an intraday high of $0.4573 after the news broke, before retracting to around $0.43 at press time. The token has seen a significant rally from the recent all-time low of $0.2484 on April 7, setting the stage for a recovery rally now amplified by the MiniPay debut. Investors are interpreting MiniPay’s availability on both major mobile platforms as a catalyst for increased Celo on-chain activity. MiniPay’s features drive adoption MiniPay, a lightweight Celo-based stablecoin wallet, offers sub-cent transaction fees and instant transfers for under $0.01, making it highly appealing to everyday users. Users can now sign up without dealing with seed phrases or crypto complexity, simply using their phone number and a Google or iCloud account for seamless onboarding. The Pockets feature, developed in partnership with Mento Labs, enables free swaps between stablecoins like cUSD, USDT, and USDC, further bolstering user engagement. By leveraging Mento’s algorithmic stablecoin framework, MiniPay ensures deep liquidity and minimal slippage across supported tokens. By embedding stablecoin support directly within a mobile-first interface, MiniPay removes barriers that have historically hindered mainstream crypto adoption. Impact on Celo’s market metrics Following the launch of MiniPay on iOS and Android, Celo’s market cap climbed to approximately $250.66 million as trading volume surged past $28.7 million in 24 hours, although the two metrics have since dropped slightly. The total value locked (TVL) on Celo’s network has also seen an uptick to $95.47 million, driven by increased stablecoin flows through MiniPay’s infrastructure. Amidst the newfound demand, the circulating supply of 570.65 million tokens and a max supply of one billion indicate healthy tokenomics. Outlook for Celo and MiniPay With over seven million unique wallets already onboarded and growing adoption as a standalone app, MiniPay’s launch is set to fuel further network effects for Celo. The combination of a user-friendly interface, real-world stablecoin use cases, and strategic partnerships positions Celo for sustained growth in the coming months. As global remittance volumes continue to climb, MiniPay’s ability to offer instant, low-cost dollar transfers may uplift Celo’s market standing. Looking ahead, continued enhancements to the Mini Apps ecosystem and deeper integrations with local payment providers are likely to reinforce Celo’s mission of financial inclusion. Ultimately, the resurgence in Celo price reflects not only technical market factors but also the tangible impact of MiniPay’s launch, illustrating how product innovation can reignite bullish momentum in blockchain ecosystems. The post CELO’s bullish momentum resumes as MiniPay wallet goes live on iOS and Android appeared first on Invezz