Tether Invests in Zengo Wallet to Boost Stablecoin Adoption

Tether,
a
prominent
player
in
the
digital
assets
industry,
has
announced
a
strategic
investment
in
Zengo
Wallet,
a
self-custodial
crypto
wallet
known
for
its
focus
on
security
and
usability,
according
to

tether.io.
This
investment
underscores
Tether’s
commitment
to
promoting
secure
self-custody
solutions
and
advancing
the
global
adoption
of
stablecoins.

Enhancing
Security
and
Usability

Zengo
Wallet
has
been
recognized
for
its
innovative
approach
to
self-custody,
eliminating
traditional
seed
phrase
vulnerabilities.
Since
its
inception
in
2019,
the
wallet
has
protected
digital
assets
for
over
1.5
million
users
worldwide
without
a
single
reported
incident
of
hacking,
phishing,
or
unauthorized
access.
This
aligns
with
Tether’s
vision
of
making
blockchain-based
financial
tools
more
secure
and
accessible.

Expanding
Blockchain
Capabilities

The
investment
will
enable
Zengo
to
enhance
its
blockchain-agnostic
capabilities,
facilitating
seamless
support
for
Tether’s
stablecoins
across
major
blockchain
ecosystems.
This
development
allows
users
to
efficiently
store,
transfer,
and
transact
with
Tether’s
tokens.
Zengo’s
advanced
features,
including
built-in
payment
tools,
cross-chain
swaps,
and
24/7
customer
support,
cater
to
a
wide
range
of
users,
from
beginners
to
professionals.

Commitment
to
Secure
Tools

Paolo
Ardoino,
CEO
of
Tether,
expressed
the
company’s
dedication
to
delivering
reliable
and
secure
tools
for
digital
asset
management.
He
stated, “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.”

Supporting
Zengo
Pro

The
investment
will
also
bolster
the
growth
of
Zengo
Pro,
a
premium
offering
that
enhances
user
experience
with
features
such
as
theft
protection,
legacy
transfer
capabilities,
and
real-time
assistance.

Driving
Global
Stablecoin
Adoption

Ouriel
Ohayon,
Co-founder
and
CEO
of
Zengo,
emphasized
the
role
of
stablecoins
in
creating
an
inclusive
financial
future. “We
are
proud
to
partner
with
Tether
to
make
self-custody
simple,
secure,
and
accessible,”
he
noted.
By
integrating
advanced
technology
and
fostering
the
adoption
of
USD₮,
the
world’s
largest
stablecoin,
Tether
aims
to
solidify
its
position
as
the
most
widely
used
stablecoin,
offering
users
worldwide
greater
financial
freedom.

Image
source:
Shutterstock