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Tether Debuts 'People’s Wallet,' Targeting Self-Custody at Scale

Tether’s new self-custodial wallet allows users to send its tokens across multiple blockchains, no gas required.
Tether Debuts 'People’s Wallet,' Targeting Self-Custody at Scale
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Tether Tether – the world's largest digital asset issuer – today launched "The People's Wallet," a self-custodial crypto wallet solution that allows users to hold and send USDT, USAT, XAUT and bitcoin across multiple blockchains.

What's the Scoop?

  • Mainstream Focus: The tether.wallet – dubbed “The People’s Wallet” – is a self-custodial app that lets users hold and send Tether stablecoins (USDT and USAT), Tether tokenized gold (XAUT), and BTC across multiple chains. The wallet removes friction by letting users pay transaction fees in the asset they’re sending, eliminating the need to juggle native gas tokens. It also empowers users to send funds using @tether.me identifiers, replacing long wallet text strings with something closer to a fintech UX.
  • Notable Exclusions: Although 45% of circulating USDT tokens exist on the Tron, tether.wallet is not compatible with the blockchain network. Some crypto commentators have questioned the decision to exclude Tron, and note that Tether's wallet lacks fiat on/offboarding functionality.


Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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