Business
TETHER , the largest company in the digital assets industry, has completed a strategic investment in Zengo Wallet, a leading self-custodial crypto wallet known for its focus on security and usability.
The investment underscores Tether’s commitment to advancing secure self-custody solutions and driving the global adoption of stablecoins.
Zengo Wallet is recognized for its innovative approach to self-custody, eliminating traditional seed phrase vulnerabilities while building a record of success.
Since its launch in 2019, the wallet has served over 1.5 million users worldwide, protecting digital assets without a single wallet being hacked, phished, or taken over. This innovative approach aligns with Tether’s vision of making blockchain-based financial tools more secure and accessible.
The investment will enable Zengo to further enhance its blockchain-agnostic capabilities, allowing seamless support for Tether’s stablecoins across major blockchain ecosystems. By doing so, users will gain more options to store, transfer, and transact with Tether’s tokens in a highly secure and efficient manner.
Zengo’s advanced features, including built-in payment tools, cross-chain swaps, and round-the-clock customer support, provide a comprehensive solution for a wide range of users, from beginners to seasoned professionals.
“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.”
This investment will also support the growth of Zengo Pro, a premium offering designed to enhance user experience through features like theft protection, legacy transfer capabilities, and real-time assistance.
“Stablecoins are the cornerstone of an inclusive financial future,” said Ouriel Ohayon, Zengo’s Co-founder and CEO. “We are proud to partner with Tether to make self-custody simple, secure, and accessible.
By integrating advanced technology and fostering broader adoption of USD₮ – the world’s largest stablecoin, serving over 400 million users – Tether aims to strengthen its role as the world’s most widely used stablecoin, empowering users worldwide with greater financial freedom.
A.I
Feb. 12, 2025
Tags: Ouriel Ohayon TETHER
