Tether, the crypto company best known for its fiat- and gold-pegged stablecoins, announced the launch of a self-custodial digital wallet on Apr. 14. A stablecoin is a type of cryptocurrency that tries to stabilize its value by being pegged to a "stable" asset like a fiat currency like the U.S. dollar or a commodity like gold. Related: Explained: What is a stablecoin?
The digital asset company offers several stablecoins: USAT, a federally regulated, dollar-pegged stablecoin XAUT, a stablecoin pegged to one troy ounce of gold USDT is the world's largest stablecoin with a market capitalization of $184.7 million. As the stablecoin needs to be backed by reliable liquid assets, Tether has become one of the largest holders of U.S. debt, including short-term U.S. XAUT also needs to be backed by gold reserves, with Tether becoming one of the largest non-sovereign gold holders in the world.
With the market cap of $2.6 billion, it is the world's leading gold token. As of Dec. 31, 2025, Tether reported the XAUT custodian holding a total of 520,089.350 fine troy ounces of gold. As per Tether, the company's technology is used by more than 570 million people across more than 160 countries as of March 2026.
Each quarter, tens of millions of new wallets get added. As users demand a higher level of security to hold digital tokens, Tether has launched a digital wallet for the purpose. Music superstar loses retirement fund to fake app Billionaire Bill Ackman kicks off dual IPO race Dell and HIVE partner to deploy Nvidia's next-generation AI chips A self-custodial digital wallet, tether.wallet brings Tether's global financial infrastructure directly into the hands of its users, the company said.
The newly launched wallet supports the following digital assets: USDT on Ethereum, Polygon, Plasma, and Arbitrum XAUT on Ethereum, Polygon, Plasma, and Arbitrum Bitcoin (BTC) on-chain and via the Lightning Network Several other blockchains will be added to the wallet after this initial release, Tether said. Users can send funds using a simple identifier such as [email protected] as the system does away with long, error-prone wallet addresses. They can complete transactions without holding separate network or gas tokens.
Fees are paid directly in the asset being transferred, removing common friction points. A fully self-custodial wallet, tether.wallet ensures: All transactions are signed locally on the user's device before being broadcast to the network. Private keys and recovery phrases are always in sole control of the user.
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