Opera Mini, the popular mobile web browser, has announced a significant upgrade to its built-in cryptocurrency wallet, MiniPay. The update brings integration with two of the leading stablecoins, Tether's USDT and Circle's USDC. This integration expands MiniPay's capabilities and caters to a wider audience in the cryptocurrency space.
Launched in September 2023, MiniPay focuses on stablecoins, a type of cryptocurrency pegged to a fiat currency like the US dollar. This focus on stability aims to simplify crypto transactions for users, especially those new to the space. Initially, MiniPay only supported the Celo dollar (cUSD), another stablecoin built on the Celo blockchain.
The new update introduces "Pockets," a feature that allows users to easily swap between USDT, USDC, and cUSD. With a simple drag-and-drop motion, users can exchange their holdings between these stablecoins, reportedly with "sub-cent fees and no hidden costs." This streamlines the user experience and makes MiniPay a more attractive option for those looking for a convenient way to manage their stablecoin portfolio.
This upgrade comes alongside reports of strong user adoption for MiniPay. Since its launch, the wallet has amassed over 3 million users, indicating a growing interest in user-friendly crypto solutions, particularly in regions like Africa where crypto adoption is on the rise. By integrating major stablecoins like USDC and USDT, Opera Mini positions MiniPay to cater to this growing demand and potentially attract a wider user base.
Overall, the USDC and USDT integration is a positive step for Opera Mini's MiniPay wallet. It broadens the wallet's functionality, reduces friction for users, and caters to the increasing popularity of stablecoins. This could lead to further user adoption and solidify MiniPay's position as a convenient and user-friendly crypto wallet option.
July 2024, Cryptoniteuae