USDT Integration in Smart EOAs Signals Major Shift in Non-Custodial Wallet Growth

The cryptocurrency landscape is witnessing a transformative phase with Trust Wallet’s adoption of EIP-7702, which redefines externally owned accounts (EOAs) as smart contract-compatible wallets. This innovation addresses the growing demand for self-custody solutions, particularly in the $1.5 billion non-custodial wallet sector, which is projected to expand to $3.5 billion by 2031. A key development in this space is the FlexGas feature, enabling users to pay transaction fees in USDT, TWT, or BNB, simplifying multi-chain interactions. As of June 2025, these advancements highlight the industry’s focus on merging security with user experience, with USDT emerging as a critical utility token for seamless blockchain operations.

Smart EOAs Redefine Wallet Experience as Self-Custody Demand Grows

Trust Wallet’s adoption of EIP-7702 marks a pivotal shift in digital asset management, transforming externally owned accounts into smart contract-compatible wallets. The $1.5 billion non-custodial wallet sector, projected to reach $3.5 billion by 2031, faces a critical UX challenge: bridging the gap between security and simplicity.

FlexGas innovation allows fee payments in USDT, TWT, or BNB—addressing the multi-chain friction plaguing Web3 adoption. "Users aren’t just demanding control—they’re rejecting complexity," observes Nanfeng Jie, Trust Wallet’s product lead. The solution lies in smart account abstraction, where ethereum upgrades meet consumer-grade usability.

PrimeXBT Gains FSCA Approval to Expand Crypto Services in South Africa

PrimeXBT, a global multi-asset exchange, has secured regulatory approval from South Africa’s Financial Sector Conduct Authority (FSCA), marking a significant step in its mission to advance regulated crypto adoption worldwide. The license enables the platform to offer secure trading, deposits, withdrawals, and conversions of digital assets in one of Africa’s most robust financial markets.

South African traders now gain access to crypto-funded accounts across PrimeXBT’s MT5, PXTrader, and Crypto Futures platforms. The exchange supports margin trading for major cryptocurrencies like BTC and ETH, alongside CFD trading for traditional assets including stocks, indices, and commodities. Sihle Tuta, Head of Region at PrimeXBT South Africa, emphasized the strategic importance: "This expansion reflects our commitment to bridging crypto and traditional finance through a unified, regulated platform."

With over a million users across 150 countries, PrimeXBT positions itself as a rare hybrid broker offering both digital and conventional financial instruments under escalating regulatory scrutiny.

Whale Dominance in USDT Deposits on Binance Signals Institutional Preference

Binance has become the preferred venue for large-scale USDT transactions, with whale wallets accounting for 75% of all Tether inflows since November 2023. CryptoQuant data reveals a sustained institutional preference for the exchange’s TRC-20 USDT infrastructure, likely driven by cost efficiency and settlement speed.

Daily withdrawal volumes tell a parallel story - a 34% decline from March’s 65,000 transactions to 42,600 by May’s end suggests consolidation among major holders. The trend underscores Binance’s deepening liquidity moat in stablecoin markets, particularly for high-volume participants.