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COINTURK NEWS > Tether (USDT) > Tether Launches New Wallet Development Kit for Enhanced User Experience
Tether (USDT)

Tether Launches New Wallet Development Kit for Enhanced User Experience

In Brief

  • Tether introduces a Wallet Development Kit for easy wallet integration.

  • The WDK supports Bitcoin and USDT, aiming for user-friendly experiences.

  • Tether dominates the stablecoin market with significant reserves and market share.

Ömer Ergin
Ömer Ergin 7 months ago
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The world’s largest stablecoin provider, Tether, has developed a new tool for businesses and developers. With the open-source Wallet Development Kit (WDK), wallet integration can be easily accomplished on any website or application. The kit is designed to work seamlessly with artificial intelligence agents.

Contents
Overview of Tether’s New Wallet Development Kit (WDK)Supported Cryptocurrencies and Future GoalsMarket Dominance and New Moves

Overview of Tether’s New Wallet Development Kit (WDK)

Announced on November 11, the WDK aims to enrich the user experience. Tether stated that the kit would integrate Bitcoin and USDT smoothly with websites, devices, and applications. This solution empowers users to control their assets while eliminating reliance on third-party custody solutions. The installation process has also been significantly simplified.

The WDK is designed to support not only human users but also artificial intelligence agents, robots, and autonomous systems. Tether CEO Paolo Ardoino describes this tool as “open source, modular, and highly scalable.” Ardoino expressed that the kit can be easily integrated into any platform.

Supported Cryptocurrencies and Future Goals

Initially, the WDK will support Bitcoin (BTC) $105,623 and Tether (USDT). Soon, it will allow for user interface templates across all platforms, enabling non-custodial user experiences.

“We focus on open-source, super modular, and highly scalable development libraries,” Tether stated.

Market Dominance and New Moves

According to CoinGecko data, Tether holds a 68% share of the stablecoin market with 124 billion USDT in circulation. Most of these stablecoins exist on the Tron and Ethereum $2,608 networks. Additionally, Tether recently moved 2 billion USDT to Ethereum for an exchange. By the end of October, the company reported approximately 100 billion dollars in US Treasury bonds, 82,000 BTC, and 48 tons of gold in reserves.

Circle, Tether’s closest competitor, holds 20% of the market with 37 billion USD Coin (USDC).

In conclusion, Tether’s new Wallet Development Kit is expected to enhance security by allowing users full control over their assets. The kit is anticipated to be an effective tool for businesses and developers.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 12 November, 2024 - 9:48 am 12 November, 2024 - 9:48 am
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