Tether Invests in Zengo Wallet to Boost Stablecoin Adoption

Tether, the issuer of the world's largest stablecoin, has invested in Zengo Wallet to advance self-custody solutions in the cryptocurrency space. The strategic partnership aims to enhance the user experience for Tether's stablecoins across various blockchain ecosystems.

Through this collaboration, users will gain access to Zengo Wallet's advanced features, such as built-in payment tools, cross-chain swaps, and 24/7 customer support. This will enable them to securely hold and transfer their Tether tokens with ease and confidence. Tether CEO Paolo Ardoino expressed the company's commitment to empowering users by providing reliable, secure, and accessible tools.

Tether's investment will also contribute to the development of Zengo's premium program, Zengo Pro. This enhanced user experience will include theft protection, legacy transfers, and real-time assistance. Zengo Co-founder and CEO Ouriel Ohayon emphasized the crucial role of stablecoins in shaping a more inclusive financial future and expressed optimism about the partnership.

According to data from ARK Invest, stablecoin transaction value in 2024 surpassed those of payment card giants like Visa and Mastercard by 119% and 200% respectively. At the time, Tether remained the largest stablecoin issuer by market cap. Zengo Wallet, launched in 2019, is a self-custodial crypto wallet designed to eliminate traditional seed phrase vulnerabilities. With over 1.5 million users worldwide, Zengo offers advanced security features through Zengo Pro, including the industry's first self-custodial inheritance-style system, theft protection, and an advanced web3 firewall.