Crypto Videos

The Potential of Stablecoins with Celo | Rene Reinsberg on Opera MiniPay X Celo, Stablecoin Usecases

The video centers on Celo’s rapid evolution as a layer‑2 blockchain optimized for stablecoin payments, highlighted by a new partnership with Opera’s MiniPay wallet. Rene Reinsberg outlines how Celo transitioned to an L2, saw transaction fees climb ten‑fold, and attributes much of that growth to the expanding stablecoin ecosystem, especially USDT and USDC, now native on the network. Key data points underscore Celo’s momentum: it has overtaken Base in daily active users across L2s, and its USDT activity has surpassed Tron’s weekly active users. The platform’s design enables sub‑cent fees, mobile‑first on‑ramps that convert local fiat to stablecoins in under 30 seconds at no cost, and identity checks that ensure real‑human participation. These primitives have unlocked micro‑transactions, gaming rewards, and peer‑to‑peer payments in emerging markets. Notable examples include the ability to pay transaction fees directly from a stablecoin balance, a seamless Kenya shilling‑to‑USDT conversion, and MiniPay’s rapid adoption—over 30,000 users now hold Tether Gold on MiniPay, outpacing Ethereum’s historic numbers. The partnership aims to scale MiniPay globally, targeting a billion on‑chain users by 2030, while local‑currency stablecoins are being piloted through partners like Mentor Protocol. The implications are clear: Celo is positioning itself as the premier L2 for real‑world stablecoin use, offering a low‑cost, mobile‑centric infrastructure that could accelerate financial inclusion in the Global South. As stablecoins diversify beyond USD, Celo’s ecosystem may become a template for localized digital economies, drawing developers and enterprises seeking frictionless, verified user experiences.