Tether Expands USDT to Bitcoin and Lightning Network
- Tether plans to integrate USDT onto the Bitcoin base layer and Layer 2 Lightning Network.
- The integration is facilitated by Taproot Assets, developed by Lightning Labs.
- USDT is expanding from networks like Celo, The Open Network (TON), and Aptos.
- Paolo Ardoino, Tether CEO, emphasizes decentralization and security benefits.
- In 2023, Tether ceased issuing stablecoins on Omni, Kusama, and Bitcoin Cash SLP due to low demand.
Tether’s integration of USDT onto the Bitcoin network via Taproot Assets aims to enhance decentralization and security. This move follows previous expansions into networks such as Celo and TON. In contrast, Tether stopped using networks like Omni in 2023 due to insufficient demand.
Source (2.6)https://www.theblock.co/post/338109/tethers-usdt-stablecoin-returns-to-bitcoin-with-lightning-labs-partnership
