Tether Launches Its Own Wallet: Forget About ETH and Third-Party Token Fees

Tether, the company behind the world's most popular stablecoin, has announced its entry into the wallet market with a new product — Tether Wallet. It is a non-custodial application that promises to simplify the lives of millions of users by integrating convenient features and an increased level of security.

Complete independence and security

The main feature of Tether Wallet is its non-custodial nature. This means that the company does not have access to your funds. All private keys, seed phrases and recovery codes are stored exclusively on the user's device. Transactions are signed locally, which eliminates the risk of data interception on the server side and gives the owner full control over their digital assets.

A revolution in the payment of commissions (Gasless mechanics)

One of the most pressing problems of the crypto world has always been the need to hold "gas" (native network tokens such as ETH or MATIC) to make transfers. Tether Wallet solves this problem radically:

• Paying fees with the asset itself: Now, when transferring USDT, the fee will be debited directly into USDT. You no longer have to frantically search for where to buy some Ethereum just to send stablecoins to a friend.

What can be stored at the start?

At launch, the application supports a limited but popular set of assets and networks:

1. USDT and XAUT (gold from Tether): Available on the Ethereum, Polygon, Arbitrum, and Plasma networks.
2. USAT: Works only on the Ethereum blockchain.
3. Bitcoin (BTC): Both the main blockchain and the Lightning Network are supported, allowing for instant and cheap micropayments.

The developers emphasise that this is just the beginning: in the next updates, the list of supported blockchains and tokens will be significantly expanded.