Tether Launches 'People's' Bitcoin Wallet

Tether has launched its new non-custodial wallet, tether.wallet, which supports Bitcoin and stablecoins such as USDT, USAT, and XAUT.

Designed for ease of use, the wallet allows transactions through user-friendly identifiers instead of traditional blockchain addresses. This feature is aimed at simplifying digital asset transfers, making them as straightforward as sending a message, according to Tether's CEO, Paolo Ardoino.

Built on the recently introduced open-source Wallet Development Kit (WDK), tether.wallet operates across several blockchains: USDT and XAUT are available on Ethereum, Polygon, Plasma, and Arbitrum, while USAT is limited to Ethereum. Bitcoin transactions can be conducted via the Lightning Network, with plans for future network expansions.

In this wallet, users retain full control over their private keys, signing transactions locally on their devices, with fees charged in the transferred asset. Ardoino highlighted that this product aims to make Tether’s payment infrastructure more accessible to millions around the globe who lack traditional banking services.

“Over 570 million users are already utilizing Tether technology, and the next step is to make this infrastructure even more accessible and user-friendly,” Ardoino stated.

Earlier in April, Tether also introduced the QVAC SDK toolkit designed for AI implementation across devices.