Ledger Hardware Wallet Integrates Celo Blockchain, Enabling Cross-Chain Stablecoin and CELO Transfers

Ledger, a leading hardware cryptocurrency wallet provider, has announced a full integration with the Celo blockchain. This partnership enables Ledger Wallet users to securely send, receive, and swap Celo-based assets, including the native CELO token and a suite of Mento Labs stablecoins, across different chains.

The integration specifically supports $CELO and Mento's local stablecoins: $cUSD (US Dollar), $cEUR (Euro), $cCOP (Colombian Peso), $cGHS (Ghanaian Cedi), and $cREAL (Brazilian Real). These assets are designed to facilitate low-cost, on-chain foreign exchange with features like sub-cent transaction fees and one-block finality. Ledger's implementation also utilizes fee abstraction, allowing users to pay transaction fees with ERC-20 tokens for greater cost-efficiency.

"This integration empowers individuals to securely conduct foreign exchange activities," said Jean-Francois Rochet, EVP of Consumer Services at Ledger. Rene Reinsberg, President and co-founder of the Celo Foundation, emphasized the role of secure, user-friendly tools in driving crypto adoption, particularly in underserved regions.

The collaboration builds on an existing relationship that began with basic Celo support in 2022. Future updates are planned, including Ethereum Path Support to align with Celo's transition to an Ethereum Layer 2 scaling solution. Ledger states this move provides users with more inclusive cross-chain tools, improved interoperability, and enhanced asset management, supported by step-by-step guidance via the Ledger Help Center.