Tether Invests in Self-Custody Wallet Zengo to Speed up Stablecoin Adoption

Tether, the issuer of the world’s largest stablecoin, announced on Tuesday its strategic investment in Zengo Wallet, a self-custodial crypto wallet renowned for its security and ease of use.

Tether Announces Strategic Investment in Zengo Wallet to Advance Global Stablecoin Adoption
Learn more: https://t.co/d4gjqHkSw5

— Tether (@Tether_to) February 11, 2025

In a blog post, Tether announced that the investment aligns with its commitment to promoting self-custody solutions and driving global stablecoin adoption.

Unlike traditional wallets that rely on seed phrases, Zengo eliminates this vulnerability while maintaining a spotless security record.

Since launching in 2019, Zengo has served over 1.5 million users without a single wallet being hacked, phished, or compromised.

This track record reinforces Tether’s vision of making blockchain-based financial tools more secure and accessible.

Expanding Stablecoin Utility Through Innovation

Zengo plans to use Tether’s investment to expand its blockchain-agnostic capabilities, allowing broader support for Tether’s stablecoins.

Users will have more options for securely storing, transferring, and transacting with Tether’s tokens.

In addition to its core self-custody features, Zengo offers payment tools, cross-chain swaps, and 24/7 customer support.

These features cater to a wide range of users, from crypto newcomers to experienced traders, further strengthening stablecoin utility.

“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,” said Paolo Ardoino, CEO of Tether.

“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,” said Ardoino.

Tether’s AI Push: New Applications in Development

Beyond its investment in self-custody solutions, Tether is expanding its artificial intelligence (AI) initiatives.

🤖 Tether is expanding its artificial intelligence (AI) initiatives with several new applications in development, according to CEO Paolo Ardoino.#Tether #AIhttps://t.co/ZFtibJ9LWP

— Cryptonews.com (@cryptonews) February 6, 2025

CEO Paolo Ardoino recently revealed that Tether Data, the company’s AI division, is developing multiple AI-powered tools, including AI Translate, AI Voice Assistant, and an AI Bitcoin Wallet Assistant.

Announced on February 4, 2025, these applications are designed to operate locally on various devices while prioritizing user privacy and self-custodianship of data and funds.

Tether’s push into AI signals a broader effort to integrate cutting-edge technology into its ecosystem, further strengthening the infrastructure supporting digital asset adoption.