The Celo blockchain project has just put forward a significant proposal to restructure its long-standing partnership with browser company Opera , aiming to strengthen long-term strategic alignment and expand the global blockchain-based payment ecosystem.
According to the proposal awaiting community approval, Celo plans to allocate 160 million Celo Token from the project treasury to Opera in a one-time allocation. This Token represents approximately 16% of the total Max Supply of Celo, with an estimated value of around $12 million at current prices. If approved, Opera would become one of the largest Celo holders, shifting Vai from a distribution partner to a stakeholder with a direct and long-term interest in the network's development.
Recent market data shows that the Celo Token has recorded an increase of approximately 4.58%, reaching $0.081, partly reflecting positive investor expectations regarding the new collaboration proposal.
Celo is a mobile-focused blockchain designed to facilitate low-cost transactions globally. Previously, the project provided recurring USD funding to Opera to support the MiniPay ecosystem – a cryptocurrency wallet integrated directly into the browser, aimed at providing a simple payment experience for the general public.
Back in 2023, the Celo community approved a proposal to allocate approximately $568,182 worth of Celo Token to Opera quarterly. This budget was intended for general marketing activities, user rewards programs, and expanding integration within Opera's rapidly growing Mini App ecosystem. This agreement was scheduled to close in the first quarter of this year, paving the way for a new, more strategic proposal.
According to the latest update, over 60 million Opera browser users have participated in the Mini App reward program, redeeming rewards for USD₮ stablecoins via MiniPay – a self-managed wallet developed by Celo . Since its launch, MiniPay has expanded its reach to over 66 countries, processed over 400 million transactions, and reached over 14 million users. Notably, the weekly active USD₮ users on MiniPay have surpassed 4.23 million, demonstrating its growing adoption rate.
If the new proposal is approved, the two parties will enter a three-year cooperation period. During this time, Opera commits to not selling the allocated Token , ensuring market stability and demonstrating a long-term partnership. The Token will be transferred in a single transaction to a Safe wallet controlled by Opera.
The Token allocation will come from Celo 's unissued treasury, meaning the circulating supply will increase. Currently, approximately 597.6 million Celo Token are in circulation. To avoid the risk of concentrated power, Celo also proposes limiting voting rights associated with these Token to a maximum of 10% of the total Stake Celo , in order to maintain balance in the governance mechanism.
If approved, Celo and Opera plan to significantly expand MiniPay in key markets such as Latin America and Southeast Asia – regions with limited access to traditional financial services but a rapidly growing demand for digital payments. Simultaneously, the two parties will continue to invest in developing and popularizing the Mini App ecosystem, thereby promoting the application of blockchain in real life.
