Tether introduces crypto wallet to bring stablecoin and bitcoin payments directly to users
The stablecoin issuer’s crypto wallet lets users send digital dollars, tokenized gold and bitcoin without intermediaries or gas tokens across multiple blockchains.
What to know:
- Tether has launched a self-custodial crypto wallet that lets users hold and send USDT, USAT, XAUT and bitcoin across multiple blockchains.
- The app marks a shift for Tether from operating mainly as an infrastructure provider to offering a direct, consumer-facing wallet where users control their own private keys.
- Tether CEO Paolo Ardoino pitched the app as the “People’s Wallet” designed for a future of seamless transactions among humans, machines and AI agents.
The move is notable for Tether because it marks a shift to a consumer-facing app from being an intermediary in crypto payments issuing the most popular digital dollar, the $185 billion USDT token. Tether said more than 570 million users already interact with its technology, largely indirectly through exchanges and payment rails. The new wallet brings those functions into a direct interface, where users control their private keys and sign transactions on their own devices.
The launch builds on Tether’s Wallet Development Kit (WDK), an open-source toolkit the firm developed for third-party efforts such as the Rumble wallet, which uses Tether’s infrastructure to enable creator payments and peer-to-peer transfers.
