Tether launches open source wallet development kit WDK
Stablecoin giant Tether today announced the launch of an open-source, modular software development kit (WDK-Wallet Development Kit by Tether) that enables developers and companies to easily integrate non-custodial wallets and user experiences for Bitcoin and USDT in any device, website, or app.
WDK by Tether: why?
— Paolo Ardoino 🤖🍐 (@paoloardoino) November 11, 2024
The future is unpredictable: chaos, instability, or prosperity – no one knows. But with WDK by Tether we can build programmable, open, and resilient monetary systems that connect people, machines, robots, families, communities, AI agents, societies, and even… https://t.co/fTX6qAQSNX
According to the company, the world’s largest stablecoin issuer, Tether, said on November 11 that the official statement honors the founding idea of permissionless, decentralized financial systems that put user sovereignty first for both humans and machines.
Tether reaffirms its commitment to promoting these core ideas, which continue to influence the direction of open financial innovation globally, by honoring the recent anniversary of the 2008 release of the Bitcoin Whitepaper.
Key features of WDK
- Fast and seamless integration: Makes it easier to set up, allowing developers to integrate wallet functionality and save resources and time.
- Modular and Customizable: Provides an easy-to-implement design that is flexible and adaptable for businesses in various industries, including fintech platforms and game studios.
- Non-Custodial: Requires no third-party custody solutions and gives the user total control over assets.
Paolo Ardoino, CEO of Tether, said: The future is unpredictable: chaos, instability, or prosperity—no one knows. But with WDK by Tether, we can build programmable, open, and resilient monetary systems that connect people, machines, robots, families, communities, AI agents, societies, and even planets to remain in control of our own financial destiny.
WDK gives total control to developers
With Tether's WDK, developers can build advanced desktop, mobile, and web wallet experiences using a fully self-custodial toolkit. The WDK restores control to developers and their creations because it is resilient, independent, and modular.
According to the company, the WDK was created to "embrace new digital beings like AI agents, robots, and autonomous systems" in addition to supporting human users. It is designed to withstand even the most challenging scenarios, the post added.
Tether anticipates technological changes
WDK by Tether was created to support global financial systems by offering non-custodial and flexible solutions for upcoming AI-driven technologies. It anticipates technological changes while meeting the needs of developers today. Tether's dedication to adopting AI technology is reflected in the release of the AI-supported development kit. It comes after the company established an AI division in March with the goal of creating open-source AI models to address practical problems.
During last month's Plan ₿ event in Lugano, Switzerland, Tether introduced its AI SDK, called "Local AI," which provides a privacy-focused platform for executing AI models locally on a variety of devices.
According to CoinGecko, Tether is the largest stablecoin in the world, with a market cap of $124 billion USDT in circulation and a 68% market share. The Ethereum and Tron networks hold the majority of those stablecoins, accounting for 42.31% and 46.8% of the total, respectively, according to DefiLlama. Circle, Tether's closest rival, holds a 20% market share and has nearly $37 billion worth of USD coins in circulation.
Disclaimer
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