Tether Invests in Zengo Wallet to Enhance Security and Accessibility of Blockchain Tools

Tether, the largest stablecoin issuer by market cap, has announced a strategic investment in self-custodial crypto wallet Zengo. The investment aims to enhance the security and accessibility of blockchain tools, allowing users to seamlessly hold and transfer Tether tokens across various major ecosystems.

Enhancing User Experience with Advanced Features

Through this partnership, Zengo Wallet will further develop its blockchain-based financial tools, providing users with more options to securely hold and transfer their Tether tokens. Zengo’s advanced features include built-in payment tools, cross-chain swaps, and 24-hour customer support.

“By supporting Zengo’s innovative approach to self-custody, we aim to help more people worldwide access blockchain technology with confidence, ease, and security,” said Paolo Ardoino, Tether CEO.

Supporting the Development of Zengo Pro

The investment will also contribute to the development of Zengo’s premium program, Zengo Pro, which offers an enhanced user experience with additional features such as:

  • Theft protection
  • Legacy transfers
  • Real-time assistance

The Importance of Stablecoins in Shaping a More Inclusive Financial Future

According to data, stablecoin transaction value in 2024 surpassed those of payment card giants like Visa and Mastercard by 119% and 200% respectively. Zengo Co-founder and CEO Ouriel Ohayon emphasized the crucial role of stablecoins in shaping a more inclusive financial future.

“We are proud to partner with Tether to make self-custody simple, secure, and accessible,” said Ohayon.

About Zengo Wallet

Launched in 2019, Zengo Wallet 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.

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