Tether Teases WDK Wallet, Announces Tether Gold Partnership With Antalpha Group
Tether Teases WDK Wallet, Announces Partnership With Antalpha Group. Photo By Andrej Sachov On Unsplash.
Tether has hinted it is working on the development of a WDK (Wallet Development Kit), as well as a partnership with Antalpha Global on Tether Gold.
The company has retweeted CEO Paolo Ardoino's posts focusing on several developments for the world's largest stablecoin issuer, including a recorded mobile demo of Tether's native wallet kit and a new partner for its Gold product for international liquidity following the recent surge in Gold's price to $3800.
Additionally, Paolo had also revealed a significant strategic partnership for Tether's XAUT token with Antalpha Global, a NASDAQ listed fintech company (ticker ANTA) specialising in lending against digital asset collateral, supporting Bitcoin miner financing, as well as mortgage-based applications.
On the news of the partnership, CFO of Antalpha Paul Liang expressed in the press release:
“We are excited to collaborate with Tether, the largest stablecoin company in the world, to expand the trusted digital gold ecosystem. Digital assets will be more tangible to many when one can walk into a jewelry store and redeem a gold bar with Tether Gold. Through the Antalpha RWA Hub, we hope to deliver new capabilities and services like this that will increase the liquidity and product offerings of Tether Gold.”
The ERC token is fully backed by Gold reserves and is issued by TG Commodities, with an active market cap of $1.4B+. The current attestation stands at 966 bars of Gold, which also equates to 11.69 KG in weight. For holders, this can be redeemed for physical bars and delivered to any location inside of Switzerland.
Note: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers should conduct their own due diligence at all times.
This article has been partly researched and aggregated with the help of AI and does not pertain to be an exclusive story unless marked as such. For specific sources referenced, please find it below.
