🚀 Celo Challenges Tron In Daily Active Stablecoin Addresses
#Celo #Tron #Stablecoins #CELO #Ethereum #USDT #Crypto #Blockchain #MiniPay #VitalikButerin #DeFi
According to CoinDesk, Celo is emerging as a strong competitor to Tron in terms of daily active addresses interacting with stablecoins. The CELO token saw a significant rally, increasing by over 20% on Wednesday.
Celo, an Ethereum layer 2 and blockchain-based ecosystem focused on mobile-first decentralized applications and smart contracts, is closing in on Tron's lead. The seven-day moving average of daily active addresses using stablecoins on Celo has risen to nearly 700,000, almost matching Tron's figures, as per data from Artemis.
This growth follows Tether's deployment of its dollar-pegged stablecoin, USDT, on Celo in March. Since then, over $200 million worth of USDT has been issued on the network. Additionally, Celo's partnership with Opera last year to launch MiniPay, a mobile-first non-custodial stablecoin wallet, has contributed to this surge. MiniPay has attracted over 1 million users across Nigeria, Ghana, and Kenya within five months of its launch.
Ethereum founder Vitalik Buterin praised Celo's progress on X, boosting investor interest in the CELO token. As of the latest data, the cryptocurrency is trading at 63 cents, marking a nearly 20% gain in 24 hours. Buterin highlighted the importance of improving global access to basic payments and finance, noting Celo's traction in this area.
Despite these advancements, Celo still trails behind Tron in terms of the value of stablecoin transferred on-chain this month. Artemis data indicates that Celo has recorded just over $1 billion in transfer volume, significantly less than Tron's $335.7 billion. Ethereum continues to lead with over $470.4 billion in transfer volume.#Celo #Tron #Stablecoins #CELO #Ethereum #USDT #Crypto #Blockchain #MiniPay #VitalikButerin #DeFi
🚀 Opera Expands Tether Support, Shares Surge 17%
#Opera #Tether #USDT #MiniPay #cryptocurrency #stablecoin #sharevalue #wallets #NS3AI #crypto
Opera has broadened its support for Tether (USDT) tokens, resulting in a 17% increase in its share value. According to NS3.AI, this expansion enhances Opera's MiniPay platform, which currently has 12.6 million activated wallets and facilitated over $153 million in stablecoin transactions in December. This move reinforces Opera's position in providing users with access to cryptocurrency on- and off-ramp services.#Opera #Tether #USDT #MiniPay #cryptocurrency #stablecoin #sharevalue #wallets #NS3AI #crypto
🚀 Tether Expands USDT and Tether Gold Support in Opera's MiniPay Wallet
#Tether #USDT #TetherGold #Opera #MiniPay #Celo #Stablecoin #EmergingMarkets #Africa #LatinAmerica #SoutheastAsia #DigitalPayments #Cryptocurrency #Blockchain #CELO
Tether, a stablecoin issuer, has announced a collaboration with the browser Opera to enhance support for USDT and Tether Gold (XAUT) in its self-custodial wallet, MiniPay, which operates on the Celo blockchain. According to Odaily, this initiative aims to provide a stable, dollar-based value storage and payment channel for millions of users in emerging markets such as Africa, Latin America, and Southeast Asia.
MiniPay claims to be available in 60 countries, boasting 12.6 million activated wallets and having processed 350 million transactions. The user base saw a 50% increase in the fourth quarter of last year, with growth primarily driven by emerging markets.#Tether #USDT #TetherGold #Opera #MiniPay #Celo #Stablecoin #EmergingMarkets #Africa #LatinAmerica #SoutheastAsia #DigitalPayments #Cryptocurrency #Blockchain #CELO
🚀 Opera Proposes CELO Token Allocation to Replace Cash Payment Protocol
#Opera #CELO #TokenAllocation #CeloNetwork #CryptoWallet #MiniPay #EthereumLayer2 #Governance #Blockchain #Crypto #USDT #OperaBrowser #StockMarket
Opera, a Nasdaq-listed company, has submitted a proposal to the Celo governance forum to replace its existing cash payment protocol with a distribution plan of 160 million CELO tokens over three years. According to ChainCatcher, this allocation represents approximately 27% of CELO's current circulating supply of around 600 million tokens and 16% of its maximum supply of 1 billion tokens. CELO is currently trading at $0.07.
The transaction involves a one-time transfer of 160 million CELO from the treasury to a Safe account controlled by Opera. To maintain governance balance, the voting rights of these tokens will be limited to within 10% of the total staked CELO, except in emergency situations. Opera stated that the proposal reflects the significant role of its self-custodial crypto wallet, MiniPay, on the Celo network. MiniPay operates on Celo, an Ethereum Layer 2 network, and since its launch in 2023, it has gained over 14 million registered users and facilitated more than 420 million transactions across 66 countries.
Opera EVP Jorgen Arnesen expressed that Opera aims to be a supportive key stakeholder within the Celo ecosystem. Additionally, over 50 million Opera browser users who have received rewards in recent months will be able to redeem them in MiniPay in the form of USDT. Opera's stock is currently priced at $14.6.#Opera #CELO #TokenAllocation #CeloNetwork #CryptoWallet #MiniPay #EthereumLayer2 #Governance #Blockchain #Crypto #USDT #OperaBrowser #StockMarket