Opera Limited (NASDAQ: OPRA) experienced a significant surge in its stock price following the announcement that its Web3 wallet, MiniPay, has successfully integrated support for Tether’s stablecoin, USDT. The positive market reaction underscores investor confidence in Opera’s aggressive push into decentralized finance (DeFi), particularly within high-growth emerging markets.
MiniPay, designed primarily for users in Africa, where crypto adoption is burgeoning, now allows its growing user base to hold, send, and receive USDT, the largest stablecoin globally by market capitalization. This addition dramatically increases the utility of the wallet, providing users with a crucial tool for securing wealth against volatile local currencies and facilitating fast, low-cost international remittances.
The integration is seen by analysts as a strategic move to capitalize on the increasing demand for dollar-pegged stability in regions facing high inflation. By making USDT accessible to millions of mobile-first users, Opera solidifies its position as a key gateway for mass stablecoin adoption.
Following the news, Opera shares traded significantly higher, reflecting optimism regarding future transaction volume and monetization opportunities stemming from the bolstered Web3 ecosystem within its browser and payment services.
Source: Opera Shares Jump After MiniPay Wallet Adds Support for Tether’s USDT
コメント