Celo has strengthened its collaboration with Ledger, now enabling over 8 million Ledger users to pay transaction fees using a variety of Celo-native stablecoins. This feature, introduced via the CIP-64 upgrade, allows for gas fees to be settled in 18 supported currencies, including Tether USD₮, USDC, Wrapped Ether (WETH), and several fiat-based cryptocurrencies.
This update aligns with the Ledger Live improvements made in December 2025, which initially allowed transactions with CELO and stablecoins. With this latest enhancement, users can now use currencies like the euro, British pound, Japanese yen, and Canadian dollar, among others.
Impact of CIP-64 on User Experience
The CIP-64 feature was first rolled out during the Celo Gingerbread hard fork in July 2023. It facilitates the use of approved ERC-20 tokens to cover transaction fees, a method that now accounts for nearly 50% of Celo's transaction volume, primarily through dollar-pegged stablecoins. This transition aims to simplify the transaction experience, allowing users to engage with familiar currencies instead of the CELO token.
According to Celo, this integration will make it easier for Ledger users to start utilizing Celo payments and participate in decentralized finance (DeFi) applications.
Celo's Dominance in Tokenized Gold
Celo has also established itself as the leading network for tokenized gold assets, with 107,622 users owning Tether Gold (XAUT). This figure represents an impressive 90.8% of the total XAUT ownership across seven blockchain networks, overshadowing competitors like Solana, which holds 4.5%.
With a growing ecosystem that includes applications like MiniPay and Uniswap, Celo's future looks promising as it ventures into actual financial instruments, aided by the easier stablecoin gas costs and its strong position in tokenized assets.
This article provides information and analysis; it does not constitute financial advice.
