Tether Brings Its $140B USDT Stablecoin to Bitcoin and Lightning Networks

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CoinDesk 12h ago

Tether Brings Its $140B USDT Stablecoin to Bitcoin and Lightning Networks - CoinDesk

Quick Summary:

Stablecoins are increasingly popular for everyday uses like payments, remittances and savings, and Tether's expansion aims to spur activity to the Bitcoin-based ecosystem.

The protocol, developed by Lightning Labs and released last year, opens the way to bring external tokens like stablecoins to the Bitcoin ecosystem.

While stablecoin usage has rapidly rapidly expanded over the past years, activity and supply are mostly concentrated on smart contract platforms like Ethereum, Tron and Solana.