Tether launches user wallet app for 570 million people

Tether, the leading global provider of stablecoins in the crypto space, has unveiled a new wallet application designed to give users more direct and practical control over their digital assets. Dubbed “tether.wallet,” the app allows users to store and transfer not just $USDT and USAT stablecoins, but also gold-backed XAUT tokens and Bitcoin, across multiple blockchains.

Simpler payments and enhanced personal security

One of tether.wallet’s standout features is enabling users to pay transaction fees directly with the asset being transferred, streamlining the process. Also, instead of requiring long, complicated wallet addresses, the app introduces personalized, readable addresses such as “[email protected],” making crypto transfers more practical and user-friendly.

This user-centric approach is intended to drive broader adoption of stablecoins in daily payments and personal transfers. A key security measure of the app keeps private keys on the user’s own device, ensuring all transactions are signed under their personal control for maximum security.

With this new development, Tether shifts from relying solely on centralized exchanges and payment infrastructures to delivering the full $USDT ecosystem directly into the hands of users. According to Tether, over 570 million people currently use the company’s technologies, either directly or indirectly.

A milestone in Tether’s digital economy vision

The new application builds on Tether’s previously developed open-source Wallet Development Kit (WDK), designed to help third-party developers create faster and more user-friendly crypto transfers. Platforms like the Rumble wallet already use this infrastructure for instant payments to content creators and seamless direct transfers between individuals.

As apps offering direct-to-user crypto services gain traction across the industry, Tether’s entry into the space for the first time stands out. Previously seen as just a digital dollar issuer, Tether now offers its own user-facing platform for the first time.

Tether CEO Paolo Ardoino stated that tether.wallet demonstrates Tether’s evolution from the foundational infrastructure of the digital economy to a platform anyone can easily use, and that they are preparing for a future where billions of people and AI-based systems transact at the speed of light.

Since its founding in 2014, Tether has played a pivotal role in solving liquidity challenges in crypto markets with $USDT and has pioneered the widespread use of stablecoins. The company’s main focus has been to create digital assets, with an emphasis on a US dollar-pegged stablecoin, and ensure their reliable use across the market.

Now, with its first-ever direct-to-user wallet, Tether is stepping beyond its traditional role as an issuer, entering the competitive landscape of consumer crypto services. Industry experts note that this move could particularly accelerate crypto payment adoption in emerging economies.