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Opera Proposes 160 Million CELO Allocation to Replace Earlier Cash Deal

Opera Proposes 160 Million CELO Allocation to Replace Earlier Cash Deal

According to Opera’s proposal, the company would receive 160 million CELO from treasury holdings, while MiniPay’s growth is cited as evidence of Opera’s expanding role in the Celo payments ecosystem.

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Fact Check
The statement is accurately supported by Opera's official investor relations announcement and major news coverage. On March 19, 2026, Opera proposed receiving 160 million CELO tokens from the Celo treasury to replace a previous cash-based deal. The proposal explicitly cites the growth of MiniPay, which reached 14 million registrations, as evidence of Opera's significant role in the Celo ecosystem.
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Summary

Opera has asked Celo token holders to replace a cash-based partnership arrangement with a three-year award of 160 million CELO, a proposal that would make the Nasdaq-listed browser company a major stakeholder in the network if approved. The allocation would be transferred in a one-time move from Celo’s unreleased treasury to an Opera-controlled Safe and represents about 27% of the roughly 600 million CELO in circulation and 16% of the token’s 1 billion maximum supply. The proposal says Opera’s voting power from those tokens would be capped at 10% of total staked CELO except in protocol emergencies. Opera and Celo linked the request to MiniPay, Opera’s self-custodial wallet built on Celo, which they said has recorded more than 14 million registrations and over 420 million transactions across 66 countries since its 2023 launch. The companies also said more than 50 million Opera browser users who recently earned rewards will be able to redeem them as USDT inside MiniPay.

Terms & Concepts
  • CELO: The native token of the Celo network, used for transactions, staking, and governance within the ecosystem.
  • Safe: A crypto wallet setup, often multisignature, used to securely hold and manage digital assets under organizational control.
  • USDT: A U.S. dollar-pegged stablecoin commonly used for crypto payments, trading, and transfers across blockchain networks.