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On April 12, 2026, Gem Wallet announces full support for Celo - an Ethereum Layer 2 blockchain with $6.2B in monthly stablecoin transaction volume and 700,000 daily active users. Every Gem Wallet user can now store, send, receive, buy, and swap CELO directly in the app.
What Is Celo?
Celo is an EVM-compatible Ethereum Layer 2 built on the OP Stack and optimized for global stablecoin payments - with $6.2B in monthly stablecoin volume and 700,000 daily active users. It uses EigenDA v2 as its data availability layer - a decentralized infrastructure that keeps transaction data accessible and verifiable without overloading the blockchain. CELO is the native asset of the Celo blockchain, used for governance and network operations.
The ecosystem includes native stablecoins of the Mento protocol - cUSD (pegged to USD), cEUR (EUR), and cREAL (BRL) - with the unique ability to pay gas in ERC20 tokens: USDT, USDC, and cUSD, without needing to hold CELO for fees.
Learn more: What Is The Celo Blockchain?
Benefits for Gem Wallet Users With Celo Integration
Full Control: Gem Wallet is a self-custody wallet - only you control your private keys and assets on the Celo network. Neither Gem Wallet nor any third party has access to your assets.
100% Open Source: Gem Wallet’s code is fully open - any user or developer can verify how the Celo integration is implemented and confirm there are no hidden mechanisms.
Privacy by Default: Gem Wallet collects no personal data - no email, no phone number, no documents. Only you know your transactions and balances on the Celo network.
Send and Receive CELO: Send CELO to any address on the Celo network or receive it directly in Gem Wallet - transactions are confirmed in seconds with an average network fee of $0.0005.
Buy CELO: Purchase CELO directly in Gem Wallet with a credit or debit card. Gem Wallet partners with leading fiat providers - Mercuryo, MoonPay, Cash App, etc. - to give you the best available rates.
Swap CELO: Swap CELO for ETH, USDT, BNB, and other assets through the built-in DEX aggregator. Gem Wallet routes swaps through Relay, THORChain, Uniswap, and other protocols - automatically finding the best route and rate.
100+ Blockchains: Celo is now available in Gem Wallet alongside Bitcoin, Ethereum, Solana, TRON, and 100+ other blockchains - manage all your assets in one secure app.
Resources for Developers
Conclusion
Gem Wallet and Celo - now together to give you direct access to the leading infrastructure for global stablecoin payments. Store, buy, and swap CELO with full control over your assets, without intermediaries and without sharing personal data.
