Opera has expanded its MiniPay stablecoin wallet across Latin America, enabling users to make payments using USDT through local real-time payment systems. The "Pay like a local" feature, powered by Noah, connects MiniPay balances to Mercado Pago in Argentina and PIX in Brazil, allowing instant conversion of USDT to local currencies like the Argentine Peso and Brazilian Real.
Announced during the Ethereum Devconnect conference in Buenos Aires, this update is now available for MiniPay's over 10 million users. In Argentina, Mercado Pago's digital wallet boasts 72 million active users and a 68% market share, while in Brazil, PIX is used by 76% of the population and processes 80% more transactions than credit and debit cards combined. This integration aims to bridge digital dollar holders and travelers to local commerce, reducing card rejections, hidden fees, and unfavorable exchange rates.
Murray Spark, Head of Commerce at MiniPay, emphasized that this move unlocks true spending power by turning stablecoins into reliable tools for local payments. He noted that users initiate transfers in MiniPay, see quoted amounts in USD, and the system handles conversion and disbursement seamlessly. Additionally, MiniPay now supports sending and receiving USDT with sub-cent fees, no gas management, and phone number-linked experiences.
Opera plans further expansion with integrations from El Dorado, a P2P on- and off-ramp partner in six countries, and Alfred for compliant liquidity. Support for PIX payments via QR code is also slated for rollout, enhancing real-world utility and shifting focus from speculation to practical adoption.
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