Tether Invests in Zengo Wallet to Enhance Stablecoin Support

Tether has invested in Zengo Wallet, a self-custodial cryptocurrency wallet, focused on multiparty computation (MPC) technology, as its USDt stablecoin faces regulatory challenges in the European Union. This investment will allow Zengo wallet to support Tether’s stablecoins across major blockchains, including Bitcoin, Ethereum, and Toncoin. The Zengo wallet offers features like built-in payment tools, cross-chain swaps, and 24/7 customer support. Tether’s investment will support Zengo Pro, a premium feature offering theft protection and legacy transfer services. Zengo CEO Ouriel Ohayon said the investment will be key to future development.