Is Celo backed by gold?

Celo Dollars help facilitate the stable transfer of digital value between users. It is an ERC-20 stablecoin backed by reserves and pegged to the price of the U.S. dollar. The team has said that they will expand this offering to cover other fiat currencies. Unlike Celo Dollars, there is a fixed supply of Celo Gold .

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What will Cgld be worth?

Pick A Crypto currently has a very bullish projection that CELO-USD could reach anywhere from $15 to $40 in 2021 . The site has a long-term Celo (CELO-USD) price prediction of $75 to $200 from 2022 to 2025. Gov Capital has a one-year Celo price prediction of $7.60 and a five-year forecast of $21.87.

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