TL;DR
- Tether strategically invests in Zengo Wallet, a self-custodial wallet known for its security and ease of use, with the goal of promoting secure custody solutions.
- Zengo Wallet has protected the assets of over 1.5 million users since its launch in 2019. With no wallet being hacked or compromised.
- The investment will drive the integration of stablecoins into major blockchain ecosystems and strengthen Zengo Pro, offering advanced features like theft protection and real-time assistance.
Tether, the largest company in the stablecoin industry, has made a strategic investment in Zengo Wallet, a self-custodial wallet recognized for its focus on security and ease of use. The company’s goal is to promote the use of secure custody solutions and foster the global adoption of stablecoins.
Zengo Wallet: A Clean Incident Record
Tether Announces Strategic Investment in Zengo Wallet to Advance Global Stablecoin Adoption
Learn more: https://t.co/d4gjqHkSw5— Tether (@Tether_to) February 11, 2025
Zengo Wallet stands out for its innovation in self-custody, eliminating vulnerabilities associated with traditional seed phrases. Since its launch in 2019.. It has protected the assets of over 1.5 million users without a single wallet being hacked or compromised. This reliability and security align with Tether’s goal of improving blockchain-based financial tools. Making them more accessible and secure for users.
With this investment, Zengo will enhance its capabilities, allowing seamless integration of Tether’s stablecoins into major blockchain ecosystems. This will provide users with a greater variety of options to store, transfer, and transact with Tether tokens in an efficient and secure manner.
Tether Aims to Promote Security and Financial Freedom
The backing will also support the growth of Zengo Pro. A premium version of the wallet that offers additional features like theft protection, legacy transfers, and real-time assistance, improving the user experience.
Both companies agree on the importance of stablecoins as a cornerstone for a more inclusive financial future. By integrating advanced technology and fostering the adoption of USDT. The world’s most widely used stablecoin, Tether and Zengo aim to broaden access to decentralized financial tools. Offering users more financial freedom and greater security in their digital transactions.
