The post Tether’s USDT set to launch on Bitcoin’s base layer and Lightning Network appeared on BitcoinEthereumNews.com.

Tether, the crypto firm behind the world’s largest stablecoin, is bringing its $140 billion USDT token to Bitcoin. At the Plan B conference in San Salvador, Tether CEO Paolo Ardoino announced that the integration of USDT into Bitcoin and Lightning is designed to provide “practical solutions for remittances, payments, and other financial applications that require both speed and reliability.” USDT integration on Bitcoin marks a new era for stablecoins USDT, the company’s dollar-backed stablecoin, will soon be fully operational across both Bitcoin’s base layer and the Lightning Network, a scaling network for Bitcoin, as Tether CEO Paolo Ardoino announced Thursday at a Bitcoin conference in El Salvador. For Tether and Bitcoin, two powerful cryptocurrency players who had not yet united, the unification represents a critical turning point. With a market valuation of about $140 billion, USDT is by far the most popular stablecoin in the world. It is used by hundreds of millions of people globally as a safe way to connect traditional banking with the cryptocurrency economy. Bitcoin, on the other hand, is by far the world’s largest and most influential cryptocurrency. However, the Bitcoin network has been slow to attract on-chain users, as it was not initially designed to support decentralized applications. Scaling networks like the Lightning Network have filled this gap, making layer-2 transactions on Bitcoin fast and affordable and enabling the integration of assets like USDT into the Bitcoin ecosystem. “Today marks a new era for stablecoins,” said Elizabeth Stark, CEO of Lightning Labs, the leading developer of infrastructure on the Lightning Network, in a statement on Thursday. Lightning Labs developed the protocol that enables USDT to integrate with the Bitcoin network. According to Stark, millions of people will now be able to send dollars globally using the most open, secure blockchain. Tether faces increased scrutiny…

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Filed under: News - @ January 31, 2025 3:11 am