Opera Shares Jump After MiniPay Wallet Adds Support for Tether's USDT

Core Insights - Opera's stock surged nearly 18% after integrating Tether's USDT into its MiniPay wallet, reflecting strong market response to its crypto strategy [1] - The MiniPay wallet is designed to facilitate the holding and transferring of stablecoins, enhancing Opera's position in the crypto space [1][4] Company Developments - MiniPay, a self-custodial crypto wallet, is embedded in Opera's mobile browser and built on the Celo blockchain, indicating a strategic move to integrate crypto and payments into its products [4] - Opera has reported over 12 million activated wallets and hundreds of millions of transactions, with significant usage in Africa, Latin America, and Southeast Asia [6] Market Context - Tether, the world's leading stablecoin issuer, has increased its U.S. activity following the passage of the GENIUS Act, launching the U.S.-regulated USAT stablecoin [3] - USDT, with approximately $185 billion in circulation, is primarily backed by U.S. Treasuries and other reserve assets, highlighting its stability and market presence [3] Strategic Goals - The company aims to grow active usage of MiniPay by increasing unique wallets and transaction frequency, positioning it as a daily tool for users [5] - Success will also be measured by expanding the partner network to enhance real-world utility and simplify the user experience in crypto transactions [6]