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Tether, the issuer of the world’s largest stablecoin by market capitalization, has invested in Zengo Wallet, a self-custodial cryptocurrency wallet, as its USDt stablecoin faces regulatory challenges in the European Union.

Tether has completed a strategic investment in Zengo Wallet, a self-custodial wallet focused on multiparty computation (MPC) technology, according to an announcement shared with Cointelegraph on Feb. 11.

The undisclosed investment will help Zengo enhance its wallet features, enabling “seamless support for Tether’s stablecoins across major blockchain ecosystems,” the announcement stated.

“Tether is committed to delivering reliable and secure tools that empower users to take control of their digital assets. Our investment in Zengo reflects that commitment,” Tether CEO Paolo Ardoino said.

Zengo eliminates seed phrase vulnerability

Launched in 2019, Zengo operates a self-custodial cryptocurrency wallet that eliminates the need for traditional se