Tether to bring usdt stablecoin to Bitcoin, Lightning Network

Tether Stablecoin will launch the pioneer, USDT, Bitcoin Blockchain and the Lightning network, making it available on the infrastructure that operates the largest encrypted currency in the world. The move expands the world’s dominant scablecoin scale, which has approximately $ 140 billion in the market share.

Tether processing $ 10 trillion in last year, while Bitcoin It has been treated with more than 19 billion dollars. On the side of Tether, Crypto USDT runs over more than 10 groups, including Ethereum, TON, Solana and Avalanche. Most stablecoins are built on this blocchains, which mainly works on the smart structure.

Huge base

Rope Integration with Bitcoin network It is possible by Taproot Asset Protocol, which was launched by Lightning Labs. This statute allows the issuance of digital assets on the bitcoin base layer and its transfer via the lightning network.

Integration with Bitcoin and Lightning Networks represents an important step that would expand the already enormous Tether user base of millions. According to Cointelegraph, merchants who accept bitcoin on lightning will be able To add USDT as a payment option Using the same infrastructure.

“This integration also brings Bitcoin to many users in emerging markets who depend on Stablecoins regularly as a hedge against reducing the value of their local currencies and savings,” Elizabeth Stark, CEO of Lightning Labs, Cointelegraph.

Enhancing its position

Stablecoins continues to expand and lead Rapid adoption around the world From symbols. While the new Stablecoins is released every day, Tether’s market value is approximately three times its closest rival, Circle. Integration with the Bitcoin network should boost the USDT as a pioneer in the sector.

In addition to stablecoins, Taproom assets support the transmission of distinctive assets. The distinctive symbol was another fast -growing chip in the digital asset industry, Fald by strong attention Among many of the world’s largest institutions.

She launched her own Tether The prolonged symbol platform, Hadron, last year. Hadron currently supports Ethereum, Avalanche and Liquid by Blockstream Blockchains, but the company said it is planning to expand the platform.