Opera’s stock experienced a significant 15% increase following the company’s announcement to expand support for Tether tokens. Tether is a well-known stablecoin that maintains a stable value against the US dollar and sees widespread use in the cryptocurrency market. By extending Tether support, Opera aims to facilitate easier and broader use of this cryptocurrency on its platform, enabling users to conduct crypto transactions more conveniently. This move is expected to strengthen Opera’s reputation within the crypto industry and enhance its competitive position in the market. Additionally, the service MiniPay has reported notable success, with 12.6 million active wallets and over $153 million in stablecoin transactions processed in December. MiniPay connects users to platforms providing crypto on- and off-ramps, increasing liquidity and adoption in the crypto market. Given the growing global popularity of cryptocurrencies, Opera’s initiative will further solidify its presence and offer users a secure and accessible way to engage in crypto transactions. However, investors are advised to exercise caution due to the inherent volatility of the cryptocurrency market.
Source: coindesk
