Exciting news from the digital asset world! Tether, the leading name in the industry, has just made a strategic investment in Zengo Wallet, a top-tier self-custodial crypto wallet celebrated for putting security and ease-of-use first. This investment is a clear sign of Tether’s dedication to boosting secure self-custody solutions and pushing stablecoins into the mainstream, globally.

Zengo Wallet stands out for its fresh take on self-custody, doing away with the vulnerabilities of traditional seed phrases while consistently proving its reliability. Since launching in 2019, this wallet has become the go-to for over 1.5 million users worldwide, safeguarding their digital assets with an impeccable security record – not a single instance of hacking, phishing, or account takeover. This innovative approach is a perfect match for Tether’s vision of making blockchain-based financial tools safer and more readily available for everyone.

This investment will empower Zengo to further enhance its already impressive blockchain capabilities, ensuring smooth and easy support for Tether’s stablecoins across all major blockchain networks. What does this mean for users? More flexibility! You’ll gain even greater options to securely and efficiently store, send, and use Tether tokens. Plus, Zengo’s advanced features – like built-in payment tools, cross-chain swaps, and around-the-clock customer support – deliver a truly comprehensive crypto solution, whether you’re just starting out or you’re a seasoned pro.

“Tether is focused on providing dependable and secure tools that give users real control over their digital assets, and our investment in Zengo is a reflection of this,” explains Paolo Ardoino, CEO of Tether. “By backing Zengo’s innovative self-custody approach, we’re aiming to make blockchain technology more accessible to people everywhere, with confidence, ease, and rock-solid security. Together, we’re shaping the future of stablecoin usage and adoption.”

Looking ahead, this investment will also fuel the growth of Zengo Pro, their premium service designed to take user experience to the next level with features like theft protection, tools for seamless inheritance of digital assets, and instant, real-time support.

“Stablecoins are fundamental to creating a truly inclusive financial future,” states Ouriel Ohayon, Zengo’s Co-founder and CEO. “We’re excited to partner with Tether to make self-custody straightforward, secure, and accessible to all.”

By integrating cutting-edge technology and championing the wider use of USD₮ – the world’s leading stablecoin, trusted by over 400 million users – Tether is reinforcing its position as the most widely used stablecoin globally, empowering users around the world with greater financial freedom.