As a seasoned analyst with over two decades of experience in the financial industry, I find Tether’s latest move to be a strategic and forward-thinking initiative. The open-source Wallet Development Kit (WDK) not only caters to human users but also embraces the rapidly evolving digital landscape by including AI agents and robots. This approach signifies that Tether is not just keeping pace with technological advancements, but leading them.
Tether, the leading global stablecoin issuer, has unveiled an open-source toolkit for wallet development (WDK), empowering businesses and programmers to incorporate self-managed digital wallets into their websites or applications, a feature that can be seamlessly integrated with AI agents as well.
On November 11th, Tether unveiled the launch of its WDK Wallet Development Kit. This versatile software development toolkit is intended to equip businesses and developers with the ability to effortlessly incorporate non-custodial wallets and user interfaces for USDT and Bitcoin into any application, website, or device with ease.
As a forward-thinking crypto investor, I’ve found myself drawn to platforms like WDK that cater not only to traditional human users but also extend their services to include the rapidly evolving digital landscape. This includes AI agents, robots, and autonomous systems – a testament to their commitment to embracing the future.
Key features of the WDK include giving users full control over non-custodial assets, eliminating reliance on third-party custody solutions and a simplified setup process.
Regarding X, Paolo Ardoino, the CEO of Tether, stated their emphasis is on creating “open-source, extremely flexible, highly scalable, and proven-in-combat development libraries that can be seamlessly integrated onto any platform.
He said that it was compatible with all systems “from embedded devices to mobile, from laptop apps to websites, and from AI agents to robotic brains.”
He added that it will initially support Bitcoin (BTC) and Tether (USDT) but will soon be expanded to offer “UI templates for any platform to build any non-custodial user experience.”
Tether, the globe’s most extensive stablecoin, currently circulates an impressive $124 billion in USDT, equating to a dominating 68% market share among all stablecoins, as reported by CoinGecko. The majority of these stablecoins, approximately 120 million units, are distributed across the Tron and Ethereum networks.
On November 6, it transferred over 2 billion US Dollars worth of tokens to the Ethereum network, acting as an intermediary for a major exchange shifting its assets from cold storage to Ethereum.
As an analyst, I recently disclosed that our firm maintains a substantial reserve valued at approximately $100 billion in U.S. Treasury securities. Additionally, we hold over 82,000 Bitcoins and about 48 tons of gold to support our stablecoin.
As a crypto investor, I’ve noticed that my competitor, Circle, holds about 20% of the market share. Their popular coin, USD Coin (USDC), is circulating around $37 billion worth.
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2024-11-12 08:39