Celo is a blockchain payments platform designed with a mobile-first approach, aiming to provide accessible cryptocurrency and financial services to smartphone users worldwide. Its primary goal is to create decentralized finance instruments that are user-friendly and don’t require extensive technical expertise like many existing applications. Celo was launched by the Silicon Valley startup cLabs and is a specialized fork of the Ethereum blockchain. It focuses on the development and distribution of stablecoins that are backed by fiat currencies, specific localities, and even natural resources. The governance of Celo is entrusted to the holders of its native asset, CELO.