Stablecoin issuer giant, Tether, has made a strategic investment in Zengo Wallet, a self-custodial crypto wallet known for its security and ease of use. Notably, the move highlights Tether’s commitment to promoting stablecoin adoption while enhancing secure digital asset storage solutions.
Tether Strengthens Self-Custody with Zengo Wallet Investment
Zengo Wallet, launched in 2019, has gained recognition for eliminating traditional seed phrase vulnerabilities. The wallet has served over 1.5 million users without experiencing a single hack or takeover.
Tether’s latest investment aligns with its broader vision of making blockchain-based financial tools both secure and accessible.
For context, the partnership will allow Zengo to expand its blockchain-agnostic capabilities, providing seamless support for Tether’s stablecoins across multiple blockchain networks. This enhancement will offer users more options to store, transfer, and transact securely.
How Zengo Wallet Enhances Tether’s Stablecoin Utility
Zengo’s platform includes advanced security measures, built-in payment tools, cross-chain swaps, and 24/7 customer support. The company’s premium service, Zengo Pro, further enhances security with theft protection, legacy transfer capabilities, and real-time assistance. With Tether’s backing, Zengo can accelerate feature development and broaden its reach.
“Tether is committed to delivering reliable and secure tools that empower users to take control of their digital assets. Our investment in Zengo reflects that commitment,” said Paolo Ardoino, CEO of Tether in the announcement.
“By supporting Zengo’s innovative approach to self-custody, we aim to help more people worldwide access blockchain technology with confidence, ease, and security. Together, we are shaping the future of how stablecoins are used and adopted.”
Future Growth: Tether and Zengo Wallet’s Shared Vision
Zengo’s Co-founder and CEO, Ouriel Ohayon, emphasized the importance of stablecoins in building an inclusive financial future. “Stablecoins are the cornerstone of an inclusive financial future,” Ohayon said. “We are proud to partner with Tether to make self-custody simple, secure, and accessible.”
Tether’s stablecoin, USD₮, is the most widely used stablecoin globally, serving over 400 million users. By integrating with Zengo’s security-first approach, Tether aims to solidify its role as a leader in the digital asset industry while empowering users with greater financial freedom.
