The largest company in the web3 sphere Tether Operations Limited, a specialist in stablecoins, has announced a strategic investment in Zengo Wallet. One of the goals of the partnership is to scale USDT, which is already the largest stablecoin with a 65% market share and a market cap of about $141,8 billion.
By supporting Zengo’s innovative approach to self-custody, we aim to help more people around the world access blockchain technology with confidence, ease, and security. Together, we are shaping the future of stablecoin use and adoption,” said general manager Tether Paolo Ardoino.
Zengo wallet serves over 1,5 million users, offering cross-network exchanges, built-in payment tools, and XNUMX/XNUMX support.
According to Zengo co-founder and CEO Uriel Ohayon, the strategic investment Tether will also go towards further development of Zengo Pro, a premium feature that provides users with additional services such as anti-theft protection and data transfer capabilities.
Interestingly, on the same day that the investment became known Tether in Zengo Wallet, Ardoino criticized on social networks Dappradar He said that the popular crypto wallet is too slow and therefore inconvenient for users. In this regard, he advised switching to Rabby, and now to Zengo.
