Tether brings its $ 140b USDT StableCoin to Bitcoin and Lightning Networks

San Salvador-Tther, Crypto Company behind the largest stableecoin, introduces its $ 140 billion USDT token to Bitcoin-the Blockchain, supporting the largest and oldest cryptocurrency-and-bitcoin-based scaling service Lightning Network, The company posted on X Thursday.

Stablecoins is a $ 200 billion digital asset class with their prices rooted in an external asset, predominantly the US dollar. They serve as a bridge between government-issued money and blockchain-based digital assets and are increasingly popular for everyday uses such as payments, savings and transfers, especially in new countries.

While stableCOin use has quickly expanded quickly in recent years, activity and supply are mostly concentrated on smart contract platforms such as Ethereum, Tron and Solana.

What makes USDT’s integration with Bitcoin possible is taproot assets, a piece of infrastructure that allows issues of the assignment’s issues on the Bitcoin base layer and transfers over the lightning network, a scaling platform focusing on fast and cheap transactions, making micropayments more cost effective. The protocol developed by Lightning Labs and released last year opens the way to bring external tokens as stableecoins to the Bitcoin ecosystem.

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