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Tether Stablecoin USDT Is Now Integrating Into Bitcoin

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Tether Stablecoin USDT Is Now Integrating Into Bitcoin

Key Points:

  • Tether stablecoin USDT has been integrated into Bitcoin’s base layer and the Lightning Network.
  • The integration aims to improve remittances, payments, and financial applications, leveraging Bitcoin’s security and the Lightning Network’s efficiency.

Tether, the issuer of the world’s leading stablecoin, USDT, has announced the integration of its token into Bitcoin’s ecosystem, including both its base layer and the Lightning Network.

Read more: Swan Bitcoin Sued by Tether for Violating Business Agreements in 2022 Partnership

Tether Stablecoin USDT Joins Bitcoin’s Ecosystem

At the Plan B conference in San Salvador, Tether CEO Paolo Ardoino outlined the goal of this integration: to provide practical solutions for remittances, payments, and other financial applications that require both speed and reliability.

With over 350 million users globally, Tether stablecoin USDT’s adoption of the Lightning Network promises to offer developers and users the combined benefits of Bitcoin’s security and the efficiency of Lightning’s instant payments.

Tether’s Expansion Bolsters Bitcoin’s Role in Cross-Border Payments

Central to this integration is Taproot Assets, a technology that allows asset issuances on Bitcoin’s base layer and facilitates transactions via the Lightning Network. The innovation, developed by Lightning Labs and introduced last year, makes micropayments more efficient and cost-effective.

In 2024, Tether processed $10 trillion worth of transactions, positioning itself close to global payment giant Visa’s $16 trillion. Tether stablecoin USDT is already managed across over 10 blockchains, including Ethereum, Tron, and Solana, further solidifying its dominance in the crypto space.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold

31 January 2025, 03:23:00 GMT +0000

With a passion for untangling the complexities of the financial world, I’ve spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. “The financial markets are a fascinating puzzle,” I often say, “and I love helping people make sense of them.” That’s what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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