Ethereum Layer 2 network Celo announced through its official Medium that it has appointed Dr. Markus Franke as Head of Global Stablecoins. Franke will oversee Celo's on-chain economic expansion, partnerships, new stablecoin issuance, and institutional adoption strategies. He was formerly a senior economist at cLabs, an early developer of Celo, and participated in establishing the project's initial vision even before the launch of the Celo mainnet. He later served as co-founder and CEO of Mento Labs, where he led the development of more than 10 local currency-backed stablecoins, including BRLm, a stablecoin pegged to the Brazilian Real.
