Celo has enhanced its collaboration with Ledger by integrating a key network feature into the hardware wallet provider’s platform, offering more flexible transaction fee options to users worldwide.
Ledger supports Celo’s CIP-64 fee abstraction
Ledger has implemented support for Celo’s fee abstraction, made possible through the network’s CIP-64 upgrade. This change allows users to pay transaction fees using a variety of Celo-native assets, rather than being restricted to the CELO token.
The new functionality builds on Ledger Live’s December 2025 update, where users gained the ability to transact and exchange CELO and Celo stablecoins through Ledger’s interface.
With this latest expansion, Ledger’s user base of more than 8 million people in over 200 countries can now settle gas fees in any of 18 supported tokens. These payment options include Tether USD₮, USDC, Wrapped Ether (WETH), and multiple fiat-referenced stablecoins developed by Mento Labs.
Accepted fiat-backed tokens span a range of global currencies such as the euro, British pound, Japanese yen, Canadian dollar, Australian dollar, Nigerian naira, Kenyan shilling, and South African rand, offering considerably broader payment flexibility.
Mini dictionary: CIP-64, or Celo Improvement Proposal 64, is an upgrade that enables transaction fees to be paid with approved ERC-20 tokens on the Celo network, rather than requiring users to exclusively use the CELO token for gas payments.
Stablecoins overtake CELO for transactions
Launched in July 2023 during the network’s Gingerbread hard fork, CIP-64 has allowed users to pay transaction fees with selected stablecoins and other ERC-20 tokens. This approach, now widely adopted across the Celo network, has led to a significant shift in transaction behavior.
Celo reports that nearly half of all transaction volume on the network now uses stablecoins denominated in US dollars, instead of the network’s native CELO token.
By allowing users to handle transaction fees with familiar currencies, Celo aims to lower barriers to entry and streamline the experience of using money across blockchain payments and decentralized finance applications.
The integration with Ledger is expected to further simplify onboarding, particularly for users interested in exploring Celo payments and DeFi solutions.
Celo leads in tokenized gold adoption
Beyond network transactions, Celo highlighted its leading position in the market for tokenized gold. According to network figures, 107,622 users on Celo own Tether Gold (XAUT), positioning the network as the dominant platform for tokenized gold holders.
Blockchain data estimates a total of 118,500 XAUT holders across seven blockchain networks. Of these, Celo accounts for 90.8%, followed by Solana at 4.5%. Other platforms with measurable XAUT user bases include HyperEVM (1.9%), Arbitrum One (1.8%), Plasma (0.6%), Monad (0.3%), and Ink (0.1%).
| Blockchain Network | XAUT Holders (%) |
|---|---|
| Celo | 90.8% |
| Solana | 4.5% |
| HyperEVM | 1.9% |
| Arbitrum One | 1.8% |
| Plasma | 0.6% |
| Monad | 0.3% |
| Ink | 0.1% |
Celo attributes its dominance to a growing ecosystem, including applications such as MiniPay, Squid Router, Uniswap, Featherlend, Morpho, and TheoriqAI, that together drive adoption of real-world asset tokenization.
Celo, a mobile-first blockchain that aims to make decentralized financial services accessible to anyone with a smartphone, is now advancing into sectors beyond digital-only payments. By making stablecoin-based gas payments easier and leading the charge on tokenized gold, Celo is seeking new use cases for blockchain technology in mainstream finance.
Celo’s expanding ecosystem and diverse payment options underscore its strategy to position itself as a leading platform for accessible and practical financial instruments on the blockchain.
