Tether brings USDT to Bitcoin and Lightning Network
Tether’s latest decision Place USDT directly on Bitcoin infrastructure, allowing Stablecoin transactions to settle faster and more efficiently via the Lightning network.
Attachment (USDT), the largest stablecoin transmitter in the world, has announcement its integration with Bitcoin (BTC) Ecosystem, marking a new step in the expansion of stablecoin beyond traditional blockchain networks.
Revealed on January 30 at the Plan B conference in Salvador, the move will bring USDT to the base layer of Bitcoin and at its high speed Lightning networkUnlocking new possibilities of daily discounts, payments and transactions.
The CEO of Tether, Paolo Ardoino, described the initiative as a push towards real financial applications, declaring that the objective is to offer “practical solutions for discounts, payments and other financial applications that require both speed and reliability ”.
Meanwhile, Elizabeth Stark, CEO of Lightning Labs, said the wider impact, saying: “Millions of people will now be able to use the most open and most open blockchain to send dollars worldwide. Everything comes back to Bitcoin.
The key to making this possible is the tapot assets, a protocol developed by Lightning Labs which allows asset emissions on the Bitcoin base layer while allowing transactions to be set to the Lightning network.
Released In 2023, the assets of the Tapoot Racine Pont effectively the stages and other digital assets in the Bitcoin infrastructure, which makes micropaies more effective and the reduction of transaction costs.
Once fully integrated, the USDT will work perfectly through the main Bitcoin chain and its power layer 2 Network, combining Bitcoin safety with transaction speeds close to Lightning.
Stablecoins have become an asset class of $ 220 billion, USDT dominating the sector. As of January 30, the USDT had a market capitalization of $ 139.4 billion, almost three times that of its nearest competitor, Circle’s Usd Coin (USDC), which amounts to $ 53.1 billion.
In 2024 only, USDT treaty More than 10 billions of dollars in chain volume, quickly approaching the annual visa payment volume of 16 billions of dollars.
Tether’s last announcement follows his recent moving For El Salvador, the only country where Bitcoin has a tender status.
However, in a parallel development, the El Salvador Legislative Assembly amended Her Bitcoin law on January 30, reversing the compulsory acceptance of Bitcoin and making it optional for merchants. The change is aligned with the conditions of the International Monetary Fund for a loan of $ 1.4 billion to support the country’s economy.
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