Web browser Opera has reportedly disclosed its initiative to release facilitating features for Celo-based stable coins, among other virtual assets in its crypto wallet app. 

Specifically, stable coins has been added to the list of viable digital assets for the crypto app, as included in a wider integration scope with the Celo (CELO) network.

Per Opera, the initiative will reportedly allow its millions of users throughout the globe to tap into an enhanced level of payment flexibility. 

Celo’s stable coins reportedly have direct connections to their respective fiat currency pegs with both cUSD and cEUR, which receives support from a variety of crypto coins, nominally Bitcoin (BTC) and Ether (ETH), kept in the Celo Reserve.

Cuautemoc Weber, head of the crypto and vice president of business development and mobile at Opera, reportedly offered remarks on the update, revealing that Celo’s “mobile-first approach” shared the same vision with the firm’s target of making crypto payment to millions of smartphone users.

As a matter of fact, Celo has reportedly been gaining a reputation as a prominent entity throughout the mobile-based decentralized finance (DeFi) sphere, with a wide range of stable coins and sundry payment applications.

Weber reportedly offered additional insights into the decision of choosing Celo stable coins as the first digital stable currencies on the Opera crypto wallet. 

“We chose to integrate cUSD and cEUR as our first stable coins, as a large part of our user base lives in markets like Africa, the Philippines, and LATAM, where access to financial services—such as cash-out options—is limited, fiat volatility can be challenging, and remittance costs are high. Celo makes this possible with just a mobile phone number.”