Introduction to cEUR (Celo Euro)
cEUR, short for Celo Euro, is a stable digital asset within the Celo blockchain ecosystem, with the core design goal of tracking the value of the Euro, achieving a 1:1 peg. This means that, theoretically, 1 cEUR should always maintain a value of approximately 1 Euro. cEUR is backed by various crypto assets in the Celo Reserve (including Bitcoin and Ethereum, among others), aiming to provide users with stable, secure, and low-cost financial services through Celo's mobile-first blockchain, especially facilitating value transfer via smartphones.
cEUR Historical Price Performance
Although cEUR is designed as a stablecoin whose price should closely follow the Euro, the volatility of the cryptocurrency market can sometimes lead to de-pegging events for stablecoins. cEUR's historical price records reflect this:
All-Time High (ATH)
- According to Kriptomat data, cEUR's all-time high price reached approximately 20.22 Euros, recorded on October 31, 2022.
- Other data sources have also reported prices higher than the Euro peg, such as $4.14 recorded by KuCoin and $3.80 recorded by Coinbase.
It is important to note that, as a stablecoin pegged to the Euro, any price significantly higher than 1 Euro (or its USD equivalent) represents an extreme market anomaly. These high prices may result from extremely low liquidity, data errors, trading platform glitches, or short-term market manipulation, rather than a true reflection of its intrinsic value.
All-Time Low (ATL)
- According to Kriptomat data, cEUR's all-time low price dropped to approximately 0.2158 Euros, recorded on January 8, 2024.
Similar to the all-time high, prices below 1 Euro also represent a de-pegging of cEUR from the Euro. Such de-pegging can be caused by factors such as market panic, insufficient liquidity, volatility of reserve assets, or a loss of confidence in the stablecoin mechanism. For stablecoins, de-pegging events typically attract market attention.
cEUR Current Market Status
As of the publication date, August 20, 2026, cEUR's price fluctuates between $1.17 and $1.35, with a market capitalization of approximately $1.7 million to $2 million. The circulating supply is roughly between 1.46 million and 1.50 million cEUR. These data change in real-time with market trading and are for reference only.
As an important component of the Celo ecosystem, cEUR's stablecoin attribute is key to the network's vision of inclusive finance. However, all digital assets carry risks, and stablecoins may also face de-pegging risks. Investors should fully understand their mechanisms and potential risks before participating.
