Tether Launches Open-Source Wallet Development Kit for iOS and Android
Tether is set to launch its open-source Wallet Development Kit (WDK) this week, enabling developers to create non-custodial digital wallets with ease. The WDK will include a "starter wallet" for iOS and Android to showcase the toolkit's capabilities.
- WDK offers full non-custodial support, multiple backup options, and DeFi modules for lending, swapping, and managing tokens like USDT.
- The kit supports a cross-chain API connecting Bitcoin, Ethereum, and TON networks, facilitating multi-chain wallet development.
- Account abstraction allows for gasless transactions, enhancing developer adaptability.
- Over $180 billion in USDT market cap underscores Tether's influence. The WDK could expand this dominance across ecosystems.
- Competitors like Circle and PayPal offer developer tools but lack complete self-custodial wallet kits.
- Tether plans future features such as Lightning Network payments and peer-to-peer synchronization for increased decentralization.