- Tether is launching the USDT stablecoin on the Bitcoin and Lightning Networks.
- Taproot Assets supports the integration.
The world’s biggest stablecoin issuer, Tether, has announced that the USDT asset is now connected to Bitcoin both at its fundamental level and through the Lightning Network.
The Taproot Assets protocol engages in this by leveraging Bitcoin’s Taproot improvement to be able to improve security and increase functionality. Moreover, the integration goal is the merging of Bitcoin decentralization and security issues with the speed and scalability of Lightning Network.
Paolo Ardoino, CEO of Tether, stated:
“By enabling USDt on the Lightning Network, we are not only reinforcing Bitcoin’s foundational principles of decentralization and security but also creating practical solutions for remittances, payments, and other financial applications that demand both speed and reliability.”
Furthermore, this merging creates a scalable and seamless payment solution. It opens up a new scenario of microtransactions, remittances, and efficient cross-border settlements.
Elizabeth Stark, CEO of Lightning Labs, stated:
“Today marks a new era for stablecoins. Bringing USDt to Bitcoin combines the security and decentralization of Bitcoin with the speed and scalability of Lightning. Millions of people will now be able to use the most open, secure blockchain to send dollars globally. It all comes back to Bitcoin.”
With over 350 million Tether users worldwide, the move to integrate USDT into Bitcoin’s ecosystem positions it as an essential component of Bitcoin-based financial systems.
In addition, using stablecoins, the integration also brings Bitcoin to many individuals in developing markets who need to do so to curb the devaluation of their local currencies and savings.
Also, it creates financial inclusion by making possible high-speed, low-cost transactions and by giving people a trustworthy and effective way to do business with the Bitcoin network.
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