The world's largest stablecoin, USDT's parent company, has announced its entry into the user payment space with the launch of a self-custody cryptocurrency wallet. They hope this will lower the barrier to using cryptocurrency, especially for people in developing countries who lack access to banking services, enabling them to use dollar-pegged stablecoins like USDT, USAT, gold-backed tokens like XAUT, and Bitcoin as alternatives to their local fiat currencies. Users can transfer funds using email-like addresses. No identity verification is required, and during transfers, there's no need to separately hold public chain tokens for gas fees. Transfer fees can be directly deducted from the transferred assets.