USAT

Major

Arbitrum

Tether,&nbsp;the crypto company best known for its fiat- and gold-pegged stablecoins, <a href="https://tether.io/news/tether-launches-tether-wallet-the-peoples-wallet-extending-its-global-financial-infrastructure-directly-to-billions-of-users-left-behind-by-the-traditional-financial-system/" rel="noopener noreferrer nofollow">announced</a> the launch of&nbsp;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.
<a href="https://www.thestreet.com/crypto/explained/explained-what-is-a-stablecoin" rel="noopener noreferrer nofollow">Related: Explained: What is a stablecoin?</a>
The&nbsp;digital asset company offers several stablecoins:
<ul>
 <li>USDT, a dollar-pegged stablecoin</li>
 <li>USAT, a&nbsp;federally regulated, dollar-pegged stablecoin</li>
 <li>EURT, a Euro-pegged stablecoin</li>
 <li>XAUT, a stablecoin pegged to&nbsp;one troy ounce of gold</li>
</ul>
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. Treasuries.
XAUT also needs to be backed by gold reserves, with Tether&nbsp;becoming one of the largest&nbsp;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 <a href="https://gold.tether.to/docs/reports/attestations/ISAE_3000R_-_Opinion_TGRR_31.12.2025_RC187322025DV0137.pdf" rel="noopener noreferrer nofollow">reported</a> 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.
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<h2 id="usdt-usat-xaut-and-bitcoin-available-on-tether-wallet">USDT, USAT, XAUT, and Bitcoin available on tether.wallet</h2>
A self-custodial digital wallet,&nbsp;<a href="https://wallet.tether.io/" rel="noopener noreferrer nofollow">tether.wallet</a> brings&nbsp;Tether’s global financial infrastructure directly into the hands of its users, the company said.
The newly launched wallet&nbsp;supports the following digital assets:
<ul>
 <li>USDT on&nbsp;<a href="https://www.thestreet.com/crypto/ethereum" rel="noopener noreferrer nofollow">Ethereum</a>, <a href="https://www.thestreet.com/crypto/tag/polygon" rel="noopener noreferrer nofollow">Polygon</a>, Plasma, and Arbitrum</li>
 <li>USAT on&nbsp;Ethereum</li>
 <li>XAUT on Ethereum, Polygon, Plasma, and Arbitrum</li>
 <li>Bitcoin (BTC) on-chain and via the Lightning Network</li>
</ul>
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 name@tether.me as the system does away with&nbsp;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&nbsp;fully self-custodial wallet,&nbsp;tether.wallet ensures:
<ul>
 <li>All transactions are signed locally on the user’s device before being broadcast to the network.</li>
 <li>Private keys and recovery phrases are always in sole control of the user.</li>
</ul>
"Users should be able to send value as easily as sending a message, without relying on intermediaries and without giving up control of their assets. tether.wallet is “the People’s Wallet” because it truly reflects the natural evolution of Tether’s role,"&nbsp;said Tether CEO Paolo Ardoino.
tether.wallet is built on top of Tether's open-source Wallet Development Kit (WDK)&nbsp;that allows any humans, machines, and AI agents to build, use, and control self-custodial digital asset wallets.
<a href="https://www.thestreet.com/crypto/innovation/tether-ceo-launches-new-us-based-stablecoin" rel="noopener noreferrer nofollow">Related: Tether CEO launches new US-based stablecoin</a>

Major gold holder launches self-custody wallet

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