Tether, which claims to be one of the largest companies in the digital asset industry, announced an investment in Kotani Pay, an on-ramp/off-ramp infrastructure that connects Web3 users to various payment channels. This investment aims to enable consumers as well as businesses with access to digital assets while also reducing barriers to financial participation.
As reported earlier, stablecoin issuer Tether has also announced a $250,000 donation to OpenSats, a 501(c)(3) public charity that is dedicated to funding contributors and “projects that strengthen Bitcoin and advance open, censorship-resistant technologies.”
The donation will now aim to support OpenSats’ operations as well as grant-making efforts, enabling financial support for a range of open-source initiatives, from protocol development and privacy tools to research and education.
OpenSats reportedly allocates all funds “to grantees, sustaining its operations through separate donations, maintaining its transparent, public-interest mission.”
As announced earlier this month, Tether open-sourced its Wallet Development Kit (WDK), a development toolkit designed to enable humans, machines, and AI agents to “build, deploy, and utilize secure, multi-chain, self-custodial wallets.”
These wallets may be integrated into any device, “from the smallest embedded systems to mobile, desktop, or server operating systems.”
With WDK by Tether, developers, organizations, nations, AI Agents, as well as autonomous systems are able to create cross-platform experiences by leveraging a single solution to develop more secure, “production-ready” wallets and integrate wallet functions like decentralized finance (DeFi), payments, savings accounts, prediction markets, gaming, tipping.