Tether Launches Self-Custody Wallet, Offering Stablecoin Infrastructure Directly to Users
Summary
- Tether said it launched its self-custody digital wallet Tether Wallet, which supports USD₮ (Tether), XAU₮, and Bitcoin (BTC).
- The wallet allows users to pay fees with the transferred asset without a separate gas token, while users directly manage their own private keys and recovery phrases.
- Tether said its technology is used in more than 160 countries and is expanding rapidly, with tens of millions of new wallets added each quarter.
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Tether said Aug. 14 that it officially launched Tether Wallet, a self-custody digital wallet, through its website.
The wallet gives users direct access to Tether’s payment and settlement infrastructure. It supports USD₮ (Tether), XAU₮, the company’s gold-backed token, and Bitcoin (BTC). It is designed to enable transfers through a simplified identification system instead of complex wallet addresses.
Users can also pay transaction fees with the asset being transferred, eliminating the need for a separate gas token. The wallet uses a full self-custody model under which users manage their own private keys and recovery phrases.
“Tether is already a global financial infrastructure with more than 570 million users,” Chief Executive Officer Paolo Ardoino said. “We are now moving to the stage of providing that infrastructure directly to end users.”
According to Tether, its technology is used in more than 160 countries, and tens of millions of new wallets are added each quarter, highlighting its rapid expansion.
The wallet supports multiple networks, including Ethereum, Polygon and Arbitrum. Bitcoin is available on both the on-chain network and the Lightning Network. Tether said support for additional blockchains will be expanded in the future.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
