- Tether has invested in Zengo Wallet to enhance self-custody security, enabling users to securely store and transfer stablecoins with advanced features like theft protection and legacy transfers.
- This partnership aligns with the growing reliance on stablecoins in digital transactions, reinforcing the need for secure and accessible blockchain solutions.
Tether, the leading stablecoin issuer, has taken a significant step toward enhancing blockchain security and accessibility by investing in Zengo Wallet. This strategic move is set to revolutionize how users interact with digital assets, reinforcing the importance of self-custody solutions in the crypto space.
Empowering Users with Seamless Self-Custody
Tether’s investment is aimed at strengthening Zengo’s blockchain-based financial tools, making it easier for users to securely hold and transfer Tether’s stablecoins across various ecosystems. The partnership focuses on providing advanced features such as built-in payment tools, cross-chain swaps, and round-the-clock customer support.
Paolo Ardoino, CEO of Tether, emphasized that the investment aligns with Tether’s mission of offering secure and accessible blockchain tools to users worldwide. “By supporting Zengo’s innovative approach to self-custody, we aim to help more people access blockchain technology with confidence, ease, and security,” Ardoino stated.
Zengo Pro: Elevating Security and User Experience
As part of the collaboration, Tether’s investment will contribute to the expansion of Zengo’s premium service, Zengo Pro. This program is designed to offer an enhanced user experience, featuring:
- Theft protection to safeguard assets from cyber threats.
- Legacy transfers that allow users to pass on their digital assets securely.
- Real-time assistance to provide immediate support when needed.
Zengo Wallet, launched in 2019, has already established itself as a game-changer in self-custody solutions by eliminating traditional seed phrase vulnerabilities. With over 1.5 million users globally, Zengo continues to set industry standards for secure and user-friendly crypto storage.
Stablecoins and the Future of Digital Payments
Zengo’s Co-founder and CEO, Ouriel Ohayon, expressed enthusiasm about the partnership, highlighting the crucial role of stablecoins in driving financial inclusion. He stated, “We are proud to partner with Tether to make self-custody simple, secure, and accessible.”
Stablecoins have gained significant traction in the financial world. According to ARK Invest data, stablecoin transaction volumes in 2024 have already surpassed those of payment giants Visa and Mastercard by 119% and 200%, respectively. This demonstrates the growing reliance on digital assets for everyday transactions, making secure storage solutions like Zengo even more critical.
Conclusion
Tether’s investment in Zengo Wallet is a testament to the evolving landscape of self-custody in crypto. With enhanced security features, seamless transactions, and robust user support, this partnership marks a milestone in making blockchain technology safer and more accessible for everyone. As stablecoins continue to gain prominence, innovative collaborations like this will play a crucial role in shaping the future of digital finance.
