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Opera stock jumps 15% after announcing expanded support for Tether tokens
Yahoo Finance· 2026-02-02 18:40
Core Viewpoint - Opera's shares surged over 15% following the announcement of expanded support for Tether's USDT and XAUT in its MiniPay wallet, enhancing access to dollar-backed and gold-backed cryptocurrencies for users in emerging markets [1][3]. Group 1: Share Performance - Opera's shares fell to a low of $12.40 before the announcement, then rose to $14.65 post-announcement [3]. - The MiniPay wallet has 12.6 million activated wallets and over 3.64 million on-chain users, indicating significant user engagement [3]. Group 2: MiniPay Features - MiniPay connects users to on- and off-ramp providers like Binance and Fonbank, facilitating transactions between fiat and crypto [4]. - The wallet processed over $153 million in stablecoin transactions in December alone, showcasing its transaction volume [3]. Group 3: Tether's Financial Performance - Tether reported over $10 billion in net profit for 2025, driven by the growth of USDT and its U.S. Treasury holdings [5]. - Tether is purchasing up to $1 billion of gold per month, indicating a strategic investment in precious metals alongside Bitcoin [5].