Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Tether Brings USDT to Bitcoin via Lightning Network

Tether Brings USDT to Bitcoin via Lightning Network

CryptodnesCryptodnes2025/02/01 00:44
By:Cryptodnes

Tether is expanding its stablecoin, USDT, to the Bitcoin network through the Lightning Network, a move designed to enhance Bitcoin’s payment capabilities.

The announcement was made by Tether CEO Paolo Ardoino and Lightning Labs CEO Elizabeth Stark at the Plan B conference in San Salvador on January 30.

Lightning Labs developed the integration using the Taproot Assets protocol, which has allowed Bitcoin to support tokenized assets since 2022. With a market cap of $139.4 billion—nearly triple that of Circle’s USDC —Tether continues to dominate the stablecoin market. In 2024 alone, it processed $10 trillion in transactions, edging closer to Visa’s $16 trillion.

The new integration allows businesses using the Lightning Network for Bitcoin payments to add USDT as an option without needing additional infrastructure. Stark emphasized that this will enable millions of users to send dollars globally through Bitcoin’s network while also providing a reliable financial tool for those in emerging markets facing currency devaluation.

READ MORE:
Terra Luna Community Approves Token Burn, Boosting Market Confidence

Beyond payments, Lightning Labs envisions this technology facilitating transactions between AI systems and autonomous vehicles, along with enabling microtransactions on Lightning.

The move follows Tether’s recent decision to relocate to El Salvador, the only country where Bitcoin is legal tender. While El Salvador introduced the Lightning-enabled Chivo Wallet in 2021, adoption has been mixed. The government initially required businesses to accept Bitcoin but later made it voluntary as part of a $1.4 billion loan agreement with the IMF.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Cardano ($ADA) Google Searches Surge to 12-Month High

Cardano ($ADA) search interest hits a 12-month high on Google Trends, signaling growing investor curiosity.What This Means for Cardano’s Future

Coinomedia2025/03/04 05:11

Did Peanut the Squirrel’s Run Slip Away? BTFD Coin’s Bulls Squad Is Exploding—Join Before It’s Too Late

Meme coins have taken over the crypto space, transforming internet culture into high-value assets.BTFD Coin’s Bulls Squad Is Leading the Meme Coin RevolutionPeanut the Squirrel—A Social Media Star Turned Meme Coin SensationFinal Words

Coinomedia2025/03/04 05:11

Cardano ($ADA) Surges in Popularity with 224K Mentions

Cardano ($ADA) saw over 224K mentions in the last 7 days, signaling growing interest and engagement in the crypto space.$ADA Mentions Soar to 224K in a WeekWhat’s Driving the Hype?Could This Impact ADA’s Price?

Coinomedia2025/03/04 05:11

Arctic Pablo Coin’s $0.000070 Entry Could Turn $1K into $114K—While Apu Apustaja & Act I: The AI Prophecy Make Waves in the Market

Explore the best new meme coins to join for long-term gains! Arctic Pablo Coin's presale explodes, Apu Apustaja surges, and Act I: The AI Prophecy takes AI crypto by storm.Earn While You Hold: Arctic Pablo Coin’s 66% APY Staking and Referral IncentivesApu Apustaja Surges as Community Interest PeaksAct I: The AI Prophecy Gains Traction as AI Crypto BoomsFinal Thoughts—Why Arctic Pablo Coin Stands Out

Coinomedia2025/03/04 05:11