The biggest stablecoin provider in the crypto world, Tether (USDT) has launched a new Wallet Development Kit (WDK) product. This is a modular software development kit which supports non-custodial wallet integration across websites, applications and devices.
The new wallet is in line with the growing demand for security and flexibility in digital trade as it allows crypto developers and users to have full control over their cryptocurrencies without any custodian services acting as intermediaries.
Speaking about WDK, Tether CEO, Paolo Ardoino said that the new wallet can support any system like AI agents, embedded devices, mobile and even robots. Initially the Wallet Development Kit will focus on Tether's stablecoin USDT and Bitcoin (BTC) but gradually it will expand to be compatible with other cryptos.
Ardoino further underlined that WDK has an essential of integration which emphasises on scalability and its open-source nature. Both are essential for developers across platforms.
The Wallet Development Kit provides crypto users full control over their non-custodial assets, thereby improving security and trustworthiness. WDK also simplifies the set up process by making it available to a wide range of audience including developers and tech enthusiasts.
The kit can accommodate autonomous systems, AI agents and human users which many are considering a forward-thinking approach in the crypto landscape.
The Wallet Development Kit offers user interface templates which can be adopted by any platform. This will facilitate an inclusive Tether ecosystem as the templates streamline the wallet development process. The templates also offer the robust framework needed to build diverse applications necessary for non-custodial wallet solutions.
Tether continues to be a key player in the stablecoin market with its 68% market share and $124 billion token in circulation. These USDT tokens are primarily available on Ethereum (ETH) and Tron (TRX) networks. With the launch of WDK, Tether will become more strong in its market position as its utility increases along with the spike in user engagement across platforms.
This sets a new record in Tether's stand regarding technological innovation in the crypto market and validates its dominance.
The Competitor Circle which holds 20% market share of USDC is a formidable rival of Tether. However, Tether's holdings in Bitcoin, gold and US Treasuries maintains its lead in the market and also pushes it to conquer new heights.
At the time of writing, Tether had declined 0.03% in the last 24 hours to trade at $1.00 while its market cap was up by 0.97% to be at $125.40 billion and trading volume stood at $242.86 billion, a 14.85% slump.