According to @Celo, @CeloDevs revealed the winners of the Global Stablecoin Hackathon, awarding $15,000 in bounties with partners such as @DraperDragon, @minipay, @MentoLabs, @portal_hq, @Tether_to, and @VerdaVentures (source: @Celo, May 15, 2025). In addition, @MentoLabs introduced five new local digital currencies, signaling significant advancements in Celo's stablecoin ecosystem. For traders, these developments highlight increased ecosystem activity, potential for heightened liquidity, and broader adoption of Celo-based assets, which may influence Celo price movement and trading volumes in the short term.