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.
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) $89,293 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 $3,130 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.