4 hours ago
San Salvador — Tether, the crypto institution down the largest stablecoin, is introducing its $140 cardinal USDT token to Bitcoin — the blockchain that underpins the largest and oldest cryptocurrency — and Bitcoin-based scaling work Lightning Network, the institution posted connected X connected Thursday.
Stablecoins are a $200 cardinal integer plus people with their prices anchored to an outer asset, predominantly the U.S. dollar. They service arsenic a span betwixt government-issued wealth and blockchain-based integer assets, and are increasingly popular for mundane uses similar payments, savings and remittances, particularly successful emerging countries.
While stablecoin usage has rapidly rapidly expanded implicit the past years, enactment and proviso are mostly concentrated connected astute declaration platforms similar Ethereum, Tron and Solana.
What makes USDT's integration with Bitcoin imaginable is Taproot Assets, a portion of infrastructure that allows plus issuances connected the Bitcoin basal furniture and transfers implicit the Lightning Network, a scaling level focusing connected accelerated and inexpensive transactions, frankincense making micropayments much cost-efficient. The protocol, developed by Lightning Labs and released past year, opens the mode to bring outer tokens similar stablecoins to the Bitcoin ecosystem.
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