According to Celo, cREAL works as a decentralized, crypto-collateralized algorithmic stablecoin that can be used for decentralized (CeFi) and decentralized finance (DeFi) apps and services on the Celo blockchain, such as the lending protocol Moola Market, the decentralized exchange Ubeswap or Valora, a mobile-first digital wallet native to the Celo network.
