Gulf Insider
Tether, issuer of the world’s largest stablecoin USDT, is stepping further out from behind the rails with the launch of its self-custodial wallet, which it says is designed to put its payments infrastructure directly in the hands of users, rather than operating solely as a backend layer for crypto markets. The application, dubbed tether.wallet, targets “billions of users left behind by the traditional financial system,” the firm said in a Tuesday announcement. Tether stated that it also builds on a network that already reaches more than 570 million people globally. Until now, that infrastructure has largely powered liquidity, settlement, and payments across crypto rather than serving as a direct consumer product. The wallet focuses on a narrow set of assets. It supports digital dollars via USDT and USAT, tokenized gold through XAUT, and bitcoin – a mix Tether says reflects “the only assets that truly matter for most of the people.” Moreover, the product also strips out several long-standing friction points in crypto. Users can send funds using human-readable identifiers, instead of wallet addresses. Tether CEO Paolo Ardoino said the aim is to make digital asset transfers “as easily as sending a message,” without intermediaries or loss of custody. Transaction fees can be paid […]
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