Fintech giant Tether has announced the upcoming release of a fully open-source on-chain crypto wallet template, as part of its Wallet Development Kit. CEO Paolo Ardoino revealed that this new tool has the potential to bring one trillion non-custodial wallet addresses to the world of cryptocurrency.
Tether’s Innovation in Non-Custodial Wallets
Tether, a prominent player in the blockchain industry, is on the brink of launching a non-custodial wallet template through its Wallet Development Kit (WDK). Paolo Ardoino, CEO of Tether and Bitfinex exchange, made the announcement on May 9, 2025.
Testing WDK (Tether’s Wallet Development Kit) Template Non-Custodial Wallet.
Great UX with seamless bridging to hide blockchain complexity, gasless txs. No API-KEY. User is in control.
Tether’s gonna release the template wallet fully open-source to power 1 trillion new wallets.
— Paolo Ardoino
(@paoloardoino) May 9, 2025
Ardoino emphasized that the new wallet template will be completely open-source, allowing developers worldwide to access and utilize it. With features like seamless bridging for cross-blockchain transactions and user-friendly interface, the template aims to simplify value transfers across decentralized networks.
Moreover, the wallet will support “gasless transactions,” eliminating fees for users through innovative account abstraction mechanisms. To enhance security, the absence of API keys ensures that only the user has control over their funds within the wallet.
Paolo Ardoino projects that Tether’s new wallet template will facilitate the creation of one trillion new blockchain wallets, revolutionizing the landscape of non-custodial storage.
Compatibility and Expansion
While specific details about the release timeline remain undisclosed, Ardoino hinted at imminent updates. He also revealed that the wallet template will not be limited to the Ethereum Virtual Machine, but will be adaptable to virtually any blockchain network.
Notably, Tether has been making significant strides in various sectors, including AI, fintech, and mining. In a bold move, the company invested $775 million in Rumble, a video content platform positioned as a competitor to YouTube. Additionally, Tether is actively pursuing its Bitcoin acquisition strategy through platforms like Twenty One, designed for institutional BTC investing.