CELO is a standard token on the public blockchain named the Celo platform. Celo is a mobile-first blockchain that makes decentralized financial (DeFi) tools and services accessible to anyone with a mobile phone.
The platform has three native tokens. CELO is a proof-of-stake (PoS) token used for transaction fees, governance participation, and related activities. And there are also stablecoins pegged to currencies such as Celo Dollar (cUSD) and Celo Euro (cEUR).