Tether today unveiled its self-custodial crypto wallet using the open-source Wallet Development Kit (WDK) developed by the firm. According to an announcement from the firm, tether.wallet supports USDT, USAT, Bitcoin and XAUT, what the firm says represent “the only assets that truly matter for most of the people.”
Tether says the initiative, which it’s dubbing “the People’s Wallet” aligns with its mission to promote financial inclusion globally, particularly in developing countries and regions with high inflation.
Tether CEO Paolo Ardoino was quoted in the announcement on the firm’s aim of preserving self-custody, without compromising on user experience:
“The objective is to remove the complexity that has prevented broader adoption while preserving the properties that make the digital assets technology valuable. Users should be able to send value as easily as sending a message, without relying on intermediaries and without giving up control of their assets.”
As an example, the firm’s announcement notes that the wallet lets users pay fees in the asset being transferred, instead of needing to acquire or hold separate tokens for gas. The wallet also supports easily readable addresses for sending and receiving that look more like an email address, instead of the typical alphanumeric string.
Tether says at launch, the wallet supports USDT and XAUT on Ethereum, Polygon, Plasma, and Arbitrum, and USAT on Ethereum. It also supports Bitcoin both natively and via the Lightning Network. The firm plans to add support for “several other blockchains” in the future.
Last month, Tether announced that it had engaged a Big Four firm to conduct its first ever “full independent financial statement audit.”
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.