Tether Usdt brings to Bitcoin, which will allow “millions” to send dollars worldwide

Crossed currency company pregnancy Usdt/USD It announced the launch of Usdt, the most prominent Stablecoin in the world, on the ceiling of the market, on Bitcoin BTC/USD Blockchain on Thursday.

What happened: Stablecoin integration will make $ 139 billion on Bitcoin base layer Lightning NetworkThe second layer protocol, according to a press statement.

Integration will be possible with the new Taproot protocol, TAPROOT assets, which were developed by Lightning Labs. The upgrade allows users to version and transfer digital assets like Stablecoins directly on Bitcoin Blockchain.

“Millions of people will now be able to use the most open and safe Blockchain to send dollars worldwide. Everything is back to Bitcoin, CEO of Lightning Labs. Elizabeth Stark He said.

chief executive officer Paulo Erdino He said that integration will provide practical solutions for transfers, payments and other financial services.

Usdt is already available on many leading Blockchains such as ethereum Eth/USDand You see TX/USDAnd Solana Sol/USD.

See too: Tesla records from Elon Musk 600 million dollars of paper gains on Bitcoin in the fourth quarter thanks to the new accounting base

Why do it matterUsdt is widely used to enter and exit from trading sites on stock exchanges, as well as in decentralized applications, transfers, and settlements, among other cases of use. It is the fourth largest encrypted currency depending on the market value and most of all.

However, over the years, USDT attracted criticism for being a common tool Drug dealers And illegal games platforms for money laundering. The United Nations report last year stated openly Usdt role In strengthening the illegal digital economy in Southeast Asia.

Earlier this month, tether Go to El SalvadorQuoting the policies that friendly to the coded currency in the country, positive regulations, and the adoption of digital assets on a large scale.

Photo via Shutterstock

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Slip: This content was partially produced with the help of Benzinga Neuro It was reviewed and published by Benzinga editors.