cEUR (Celo Euro) is a stable digital asset that tracks the euro. With cEUR, users can transfer value on their smartphones. Like Celo USD (cUSD), Celo EUR is backed by multiple cryptoassets in the Celo Reserve, including $BTC and $ETH. Celo's digital currencies, cUSD and cEUR, provide people around the world with a stable, secure, cheap, and easy way to transfer value and engage in financial activities that were previously inaccessible to them. This is the first step towards increasing access to capital to the billions of people with the most basic smartphones, many of whom have historically been excluded from the traditional financial services ecosystem