Tether Launches $140 Billion USDT Stablecoin on Bitcoin and Lightning Network
Tether is launching its $140 billion USDT token on the Bitcoin blockchain and the Lightning Network, announced at the Plan B conference in San Salvador. This initiative aims to enhance remittances, payments, and financial applications that require speed and reliability.
- Stablecoins, valued at $200 billion, link prices to external assets, mainly the U.S. dollar.
- USDT's integration with Bitcoin utilizes Taproot Assets for asset issuance and transfers over the Lightning Network, facilitating low-cost micropayments.
- The majority of stablecoin activity occurs on platforms such as Ethereum, Tron, and Solana.
- Lightning Labs' CEO stated this integration merges Bitcoin's security with Lightning's speed and scalability.