Tether To Launch New Mobile App Enables Easy Payments With USDt And XAUt

Key Points:

• Tether is developing a mobile app for international transactions based on USDt and XAUt payments.
• The app will provide features such as direct payments, escrows, and dispute resolution platforms supporting the Bitcoin Lightning Network.
• The app is still in beta testing but is expected to launch soon, generating significant interest within the cryptocurrency community.

Tether will launch a mobile app for international settlements via USDt and XAUt payments, featuring direct payments, escrows, and dispute resolution with Bitcoin Lightning Network support.

Tether, the stablecoin issuer, is set to launch a mobile app that will enable international purchases settlements through B2B, B2C, and C2C transactions based on USDt and XAUt payments. The app will offer direct payments, escrows, and dispute resolution platforms, with support for the Bitcoin Lightning Network.

Paolo Ardoino, the CTO of Tether, tweeted that he had witnessed the future of trade finance through this app. Although the app is still in beta testing, it is expected to be available soon. While the actual app hasn’t been disclosed yet, the news has generated significant buzz within the crypto community.

According to recent reports, Tether has been facing challenges that put USDT at risk of losing its peg. This past weekend, both Curve’s 3pool and Uniswap V3’s primary USDT-USDC pool experienced imbalances due to a surge in USDT selling. Uniswap saw approximately $40 million in selling, while Curve experienced around $35 million.

The imbalance is particularly notable in the Curve pool, which currently holds 60% of USDT. Meanwhile, USDT’s value has slightly fallen below its dollar peg on several centralized exchanges (CEXs) in recent days, according to Kaiko.

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