Tether announces the $140B USDT Stablecoin is coming to Bitcoin and Lightning Networks

Tether, the issuer of the world's largest stablecoin ($140 billion USD marketcap), has announced the integration of USD₮ into Bitcoin's ecosystem, encompassing both its base layer and the Lightning Network. This development aims to combine Bitcoin's security and decentralization with the speed and scalability of the Lightning Network, offering users efficient and low-cost stablecoin transactions.

The integration is facilitated by the Taproot Assets protocol, developed by Lightning Labs, which enables the issuance of assets on Bitcoin's blockchain and their seamless transfer via the Lightning Network. This advancement allows USD₮ to operate efficiently within Bitcoin's infrastructure, providing users with rapid and cost-effective transaction capabilities.

At Neutronpay, our Lightning Network API integration will support USD₮ pay-ins and payouts, in addition to Bitcoin payments. This integration will enable businesses to facilitate USD₮ transactions over the Lightning Network, offering customers the ability to send and receive USD₮ with enhanced speed and reduced transaction costs.

The integration of USD₮ into the Lightning Network is expected to enhance the utility of stablecoins in various financial applications, including remittances, payments, and cross-border settlements. By leveraging the combined strengths of Bitcoin's security and the Lightning Network's efficiency, users can experience faster and more reliable transactions, potentially driving broader adoption of stablecoins in everyday financial activities.

The Merging of USD₮ with the technological capabilities of Bitcoin and the Lightning Network will enable broader global financial interoperability for businesses and individuals. To be a part of this trend starting today and join the network of 500 million Lightning-enabled users, download the Neutronpay app, available on iOS and Android.

For enterprises, contact us for API integration to give your customers instant, low-cost transactions between Lightning Network and their local currencies.

Neutronpay's vision is to contribute to inventing the future of finance with Bitcoin's Lightning Network, by enabling 21st-century internet money for the unbanked, starting in Asia. Neutronpay is bridging the worlds of traditional and decentralized finance.