USDT Pilot Brings Tokens To Bitcoin’s Lightning Network
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The first USDT stablecoin transaction on a Lightning channel happened earlier this week as Synonym showcases broader use cases for Bitcoin. Bitcoin company Synonym sent the first USDT stablecoin…
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Stablecoin issuer Tether has led an $8 million funding round in Bitcoin payments startup Speed under its push to expand stablecoin use on Bitcoin based infrastructure. The investment is aimed at supporting enterprise grade payments using stablecoins on the Lightning Network, a layer 2 system built on top of Bitcoin.…
USDT, also known as Tether, has become an integral part of cryptocurrency markets since its launch in 2014. Pegged 1:1 to the US dollar, it is the most widely used stablecoin with a market capitalization of over $83 billion as of October 2023. But it is also controversial, with opaque…