Tether, the renowned crypto company recognized for its stablecoins pegged to fiat currencies and gold, recently made a significant announcement on April 14th. The company unveiled the launch of a self-custodial digital wallet, catering to the increasing demand for secure storage solutions for digital assets.
Stablecoins are a type of cryptocurrency designed to maintain a stable value by being pegged to assets like fiat currencies or commodities such as gold. Tether offers a variety of stablecoins, including USDT (dollar-pegged), USAT (federally regulated, dollar-pegged), EURT (Euro-pegged), and XAUT (gold-pegged). USDT, with a market capitalization of $184.7 million, is the largest stablecoin globally, backed by reliable liquid assets such as U.S. debt securities.
XAUT, the gold-pegged stablecoin, requires backing by gold reserves, making Tether one of the largest non-sovereign gold holders worldwide. With a market cap of $2.6 billion, XAUT is the leading gold token in the market. Tether reported that as of December 31, 2025, the XAUT custodian held a total of 520,089.350 fine troy ounces of gold.
Tether’s technology is utilized by over 570 million users across 160 countries as of March 2026, with tens of millions of new wallets added each quarter. In response to users’ increasing demand for enhanced security measures, Tether introduced a digital wallet to provide a secure storage solution for digital tokens.
The newly launched self-custodial digital wallet, tether.wallet, allows users to access Tether’s global financial infrastructure directly. The wallet supports various digital assets, including USDT, USAT, XAUT, and Bitcoin, across platforms like Ethereum, Polygon, Plasma, and Arbitrum. Tether plans to add several other blockchains to the wallet in subsequent releases.
Users can send funds using simple identifiers like name@tether.me, eliminating the need for lengthy and error-prone wallet addresses. Transactions can be completed without holding separate network or gas tokens, with fees paid directly in the asset being transferred, streamlining the process.
Tether CEO Paolo Ardoino emphasized the importance of empowering users to send value effortlessly without relying on intermediaries through the launch of tether.wallet. Built on Tether’s open-source Wallet Development Kit (WDK), the wallet enables individuals, machines, and AI agents to build, utilize, and control self-custodial digital asset wallets.
This article was originally published by TheStreet on April 14, 2026, and first appeared in the MARKETS section. The launch of Tether’s self-custodial digital wallet marks a significant milestone in the evolution of secure storage solutions for digital assets, reflecting the company’s commitment to innovation in the crypto space.
