What is Celo backed by?

Could you elaborate on the underlying support or backing of the Celo network? What assets or entities are serving as the foundation for its stability and trustworthiness? Is there a reserve system or collateralization mechanism that underpins the value of the Celo token? Additionally, what measures does the Celo network take to ensure its long-term sustainability and resilience in the ever-evolving cryptocurrency landscape? Understanding the underlying mechanisms that back Celo is crucial for investors and enthusiasts alike to make informed decisions.