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Crypto

Tether unveils consumer self-custody wallet supporting USDT and bitcoin transfers

Tether has launched a self-custody wallet, Tether Wallet, that supports USDT, bitcoin and tokenised gold. The company said it aims to reach billions of users excluded from the traditional financial system and to put payment infrastructure directly in users’ hands. The wallet supports a limited set of assets and lets users send funds via human-readable identifiers. It also lets users pay fees with the transferred asset and runs on multiple networks including Ethereum and Bitcoin Lightning.

Crypto

Tether invests in Whop to expand stablecoin payments

Tether has made a strategic investment in global creator marketplace Whop, The Block reported on Feb. 25 local time. Whop, which processes $3 billion in annual payments, will introduce stablecoin payments through the partnership. Using Tether’s Wallet Development Kit, Whop will enable creators and users to pay with USDT and DUSAT. The companies expect the tie-up to help add DeFi functions, including lending and borrowing.