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Opera Integrates First Stablecoins in Its Crypto Wallet

Web browser Opera and open-source blockchain ecosystem Celo announced that Opera will incorporate Celo Native Asset (CELO), Celo Dollar (cUSD), and Celo Euro (cEUR) stablecoins in its Crypto Wallet.

Millions of Opera users will be able to make purchases, send peer-to-peer remittances, trade, or cash in and cash out in CELO or cUSD from Opera’s built-in crypto wallet.

This move is in accordance with Opera’s strategy to eliminate the challenges that come with blockchain technologies usage.

We chose to integrate cUSD and cEUR as our first stablecoins, as a large part of our user base lives in markets like Africa, the Philippines, and LATAM, where access to financial services—such as cash out options—is limited, fiat volatility can be challenging, and remittance costs are high. Celo makes this possible with just a mobile phone number.

 

Cuautemoc Weber, Head of Crypto and VP Business Development and Mobile at Opera

Moreover, Opera has joined the Celo Alliance for Prosperity as one of the 140+ organizations that aim to foster social impact and financial inclusion via the use of blockchain technology.

CELO and cUSD are available in the Opera wallet via Ramp. The way these assets are purchased and interacted with are similar to other supported assets like Bitcoin and Ethereum. Support for cEUR will arrive in the near future.

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