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Opera (OPRA) announced a proposal for a 160 million CELO token allocation from the Celo blockchain network, subject to community governance approval. The allocation would deepen Opera’s role from distribution partner to network stakeholder in the Ethereum Layer 2 platform.
The proposal follows Opera’s nearly five-year partnership with Celo that began in June 2021. Opera’s MiniPay wallet, built on Celo’s blockchain infrastructure, has generated 14 million account registrations and facilitated 420 million transactions since its September 2023 launch.
Celo operates as an Ethereum Layer 2 network with 700,000 daily active users and 4.23 million weekly active USDT users. The platform offers technical features including fee abstraction, allowing users to pay transaction costs with stablecoins rather than native gas tokens, and phone number-to-wallet mapping.
MiniPay operates in 66 countries as a self-custodial stablecoin wallet. Over 50 million Opera browser users have earned rewards that can be redeemed as USDT within MiniPay, according to the companies.
"Our partnership with Opera has evolved significantly over nearly five years, and we’re proud to take this next step together," said Rene Reinsberg, Celo co-founder.
The three-year agreement includes plans for Opera and Celo to expand presence in Latin America and Southeast Asia, starting with Vietnam and the Philippines next month. The terms have been submitted to Celo’s community forum for approval under the network’s decentralized treasury governance model.
Opera, headquartered in Oslo, Norway, operates as a browser and AI agent company serving hundreds of millions of users globally.