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Tether launched a self-custodial digital wallet on Tuesday called Tether.Wallet, expanding support beyond its flagship USDT stablecoin to include USAT for the U.S. market, as well as Bitcoin and its gold-backed token, XAUT.
The wallet supports USDT and XAUT across multiple networks, including Ethereum and Polygon, as well as Plasma and Arbitrum. USAT is supported on Ethereum. For Bitcoin, the wallet supports both mainnet and transactions via the Lightning Network.
Tether.Wallet also allows users to send funds using human-readable Tether names instead of complex wallet addresses. The wallet is designed so that transaction fees are paid directly in the asset being transferred, removing the need to hold separate network or gas tokens.
Tether said the platform is built on its open-source Wallet Development Kit (WDK). In a statement, Tether CEO Paolo Ardoino said the company’s next step is making its digital infrastructure more accessible and usable for end users, noting that more than 570 million people already use Tether’s technology.
Ardoino said the objective is to reduce the complexity that has limited broader adoption while preserving the properties that make digital assets technology valuable. He described the wallet as enabling users to send value “as easily as sending a message,” without relying on intermediaries and without giving up control of their assets.
Tether referred to the wallet as “the People’s Wallet,” saying it is designed for mainstream users rather than only crypto natives. The company also projected that it could add tens of millions of new wallets per quarter as it leverages its position as the world’s largest stablecoin issuer.
The launch marks Tether’s most direct move yet into end-user infrastructure, with potential competition from established wallet providers such as MetaMask and Phantom.
Tether issues USDT, described as the most widely used stablecoin, with a market value of nearly $185 billion. The company also issues Tether Gold (XAUT), a digital token representing ownership of one troy ounce of physical gold stored in professional vaults, backed 1:1 by allocated gold holdings.
Separately, Tether teamed with Anchorage Digital to launch USAT, a stablecoin focused on the U.S. market, in January.
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