Crypto: Tether Expands Support For Usdt, Tether Gold In Opera’s Minipay Wallet

Stablecoin issuer Tether said the initiative will help millions of users from emerging markets such as Africa, Latin America and Southeast Asia with global financial inclusion.

Stablecoin issuer Tether and web browser provider Opera have partnered to expand financial access in emerging markets through the MiniPay stablecoin wallet app.

Tether announced on Monday that it was expanding support for its stablecoin USDt (USDT) and Tether Gold XAUT (XAUT) within MiniPay, Opera’s self-custodial wallet built on the Celo blockchain.

Tether said the initiative is aimed at helping people in emerging markets such as Africa, Latin America and Southeast Asia to access dollar-denominated stablecoins for savings and transfers.

“Tether’s mission has always been to provide simple, reliable access to stable value for people who need it most,” said Tether CEO Paolo Ardoino.

MiniPay claims to be operational in 60 countries, with 12.6 million activated wallets and 350 million transactions processed. It saw 50% user growth in Q4, predominantly in emerging markets.

The MiniPay app, which is available on Android and iOS, only requires a mobile phone number for activation.

Across all integrations, more than $153 million was sent or received through MiniPay in December, “underscoring growing demand for stable, dollar-based payments in mobile-first regions.”

Related: Tokenized gold demand rises as US dollar weakens

In addition to the world’s leading stablecoin, MiniPay also supports Tether tokenized gold XAUT for “inflation-resistant savings.” The asset surged to an all-time high of $5,600 in late January in tandem with spot gold markets.

Source: CoinTelegraph