Celo Proposes 160M CELO Tokens to Strengthen Opera Partnership

Celo proposes allocating 160 million CELO tokens to Opera, transitioning the browser company from a distribution partner to a long-term network stakeholder. The one-time transfer from Celo’s treasury supports a three-year partnership focused on global payment adoption.

Celo Core Co., formed by merging cLabs and the Celo Foundation, emphasizes mobile-first stablecoins and low-cost transactions in Africa, Latin America, and Southeast Asia. Opera's MiniPay wallet serves 13 million users across 66 countries.

Opera will hold CELO tokens long-term with governance capped at 10% of staked CELO. The shift eliminates quarterly approvals, streamlining operations to scale adoption and expand into crypto payment cards and merchant integrations.