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Tether, the company behind USDT, the largest stablecoin by market cap, is making a strategic investment in Zengo. This move aligns with its mission to enhance security and accessibility in the digital asset space.
Tether’s latest investment supports Zengo, a self-custodial crypto wallet designed for secure and user-friendly asset management. The company emphasizes that this partnership will help users gain more control over their digital holdings.
Tether CEO Paolo Ardoino highlighted the firm’s vision behind the move:
“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.
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.”
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Zengo offers a unique security approach using Multi-Party Computation (MPC) technology, which removes the risk of losing funds due to compromised seed phrases. Additionally, it provides cross-chain swap capabilities, making transactions smoother for both beginners and experienced users.
Ouriel Ohayon, Zengo’s co-founder and CEO, sees the partnership as a step toward making digital finance more inclusive:
“Stablecoins are the cornerstone of an inclusive financial future.
We are proud to partner with Tether to make self-custody simple, secure, and accessible.
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By integrating advanced technology and fostering broader adoption of USDT – the world’s largest stablecoin, serving over 400 million users – Tether aims to strengthen its role as the world’s most widely used stablecoin, empowering users worldwide with greater financial freedom.”
Currently, Zengo supports 10 major blockchains, including Bitcoin (BTC), Ethereum (ETH), and Base. With Tether’s backing, the wallet aims to expand its reach and adoption, offering a secure alternative for managing digital assets.