USDT Stablecoin to Be Deployed in Bitcoin Ecosystem

The largest dollar-pegged stablecoin, USDT, will be deployed in the Bitcoin ecosystem, expanding its use cases for various types of payments.

Lightning Labs will integrate USDT into the Bitcoin blockchain’s base layer and the L2 Lightning Network protocol using the Taproot Assets protocol. This was announced by representatives of Tether.

The integration of USDT into the Bitcoin ecosystem will expand the use of the blockchain network for various types of payments, including micropayments, remittances, and cross-border transactions. The combination of Layer 1 and Layer 2 will allow for the creation of a scalable, seamless, and efficient Bitcoin-based payment solution.

Paolo Ardoino, CEO of Tether, noted in the press release that the company aims to drive innovation within the Bitcoin ecosystem. Tether’s plans include developing new practical solutions for remittances, payments, and other financial applications that require both speed and reliability, leveraging Bitcoin’s decentralization and security, as well as the efficiency and scalability of the Lightning Network.

The integration of USDT is expected to open new opportunities for the broader adoption of Bitcoin in everyday financial systems. The exact launch date of USDT within the Bitcoin ecosystem wasn’t disclosed.

Recently, Federal Reserve experts noted that stablecoins moved beyond being a niche financial tool for crypto market participants and, in the near future, could compete with bank cards in the payment industry.