- Tether invests in Zengo Wallet to enhance secure self-custody and stablecoin adoption.
- Arbitrum will power Tether’s new cross-chain stablecoin, USDT0, for seamless transfers.
- Tether’s latest move aims to expand stablecoin accessibility and blockchain efficiency.
Paolo Ardoino, CEO of Tether, has consistently advocated for secure, user-friendly financial tools in the crypto space. On February 11, Tether took a step towards this goal and announced a strategic investment in Zengo Wallet, a move aimed at advancing global stablecoin adoption.
For years, Zengo had built a reputation for security. Since its launch in 2019, Zengo has remained invulnerable to hacks and phishing attacks. Unlike traditional wallets that relied on seed phrases, Zengo offered a self-custody solution free from such vulnerabilities. Now, with Tether’s backing, its reach is set to grow.
The investment will allow Zengo to improve its blockchain-agnostic features. This means that support for Tether’s stablecoins will expand across different blockchain ecosystems. Tether’s objective to increase stablecoin accessibility matches Zengo’s platform features that currently support over 1.5 million users worldwide. Further, he said,
Our investment in Zengo reflects our commitment to secure self-custody. We want users to have confidence in managing their digital assets.
Zengo Pro, a premium version of the wallet, will also benefit from this investment. Features like theft protection, legacy transfer, and real-time assistance will be enhanced. The goal is to create a seamless experience for users, irrespective of them being an expert or an amateur.
Related: https://cryptotale.org/tether-pushes-usdt-to-btc-as-tron-leads-stablecoin-transfers/
Tether Chooses Arbitrum for USDT0
Along with the Zengo investment, Tether announced another major development—the launch of USDT0, a new cross-chain stablecoin. For this, the company selected Arbitrum as its infrastructure provider.
Arbitrum One will serve as the main hub connecting USDT deployments across Ethereum, Tron, TON, and Celo. This means users will be able to transfer USDT between these networks with ease. The key to this functionality is Arbitrum’s Legacy Mesh technology.
Steven Goldfeder, CEO of Offchain Labs, explained why this integration is significant. “Legacy Mesh provides deep, liquid markets across blockchains,” he said. “This solution will drive broader USDt adoption and improve stablecoin scalability.”
With over 400 million users relying on USD₮, Tether’s latest moves aim to reshape how stablecoins are stored and transferred. By combining Zengo’s secure self-custody solutions with Arbitrum’s cross-chain infrastructure, Tether is building a more accessible and efficient financial ecosystem for the digital economy.
