Opera Limited (NASDAQ: OPRA) saw its stock price soar by approximately 18% in recent trading sessions, following the strategic announcement that its emerging Web3 payment solution, MiniPay, has integrated Tether’s USDT stablecoin. The significant stock surge underscores investor confidence in Opera’s expanding foray into the digital asset and financial technology markets, particularly in high-growth regions.
MiniPay, a streamlined, low-fee crypto wallet primarily targeting users in Africa, focuses on simplifying cross-border payments and digital transactions. The integration of USDT, the world’s largest stablecoin pegged to the U.S. dollar, is a pivotal development. It provides MiniPay users, particularly those in markets grappling with currency volatility and high inflation, a stable medium of exchange and a reliable store of value.
The addition allows millions of users to hold and transact using a dollar-pegged asset, drastically improving the efficiency and affordability of remittances and general payments, bypassing traditional banking infrastructure which often imposes prohibitive costs and delays. This move directly addresses the substantial demand for stable, transparent digital finance solutions across the continent.
Opera’s increased emphasis on integrating Web3 solutions into its popular mobile browser ecosystem positions the company strongly to capitalize on the rapid adoption of cryptocurrency for everyday utility in emerging markets. The positive market reaction suggests that investors view MiniPay’s deepened commitment to stablecoin accessibility as a crucial differentiator and a catalyst for user adoption and revenue growth.
Source: Opera shares jump 18% after MiniPay adds Tether’s USDT stablecoin
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