Tether launches self-custodial wallet supporting USDT, bitcoin and tokenized gold
Summary
Tether, the issuer of USDT, has launched its self-custodial wallet, tether.wallet, aiming to provide users with direct access to its payment infrastructure. The wallet supports key assets like USDT, tokenized gold (XAUT), and Bitcoin (BTC), which Tether believes are the most relevant for users. Key features include sending funds using human-readable identifiers instead of wallet addresses, paying transaction fees in the transferred asset, and full user control over private keys with on-device transaction signing. This launch signifies Tether's expansion into consumer-facing products, building on its existing global financial infrastructure that reaches over 570 million people. The wallet is built on Tether's open-source Wallet Development Kit and supports transactions across humans, machines, and AI systems on networks including Ethereum, Polygon, Arbitrum, and Bitcoin's Lightning Network.
(Source:The Block)