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USDT Now Available on Lightning Network: Speed and Cost Reduction

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by Giorgi Kostiuk

a month ago


Stablecoin issuer Tether has announced the integration of USDT into Bitcoin’s ecosystem, including the Lightning Network, during the Plan ₿ Forum in El Salvador.

USDT Integration with Lightning Network

The USDT integration into the Lightning Network is developed using the Taproot Assets protocol. This aims to enhance the use of USDT in financial applications by increasing transaction speed and reducing costs. Tether CEO Paolo Ardoino stated that this reinforces Bitcoin's foundational principles of decentralization and security.

Plans for Ecosystem Development

Tether and Lightning Labs plan to continue to work together to support and develop the ecosystem. The integration is expected to expand Bitcoin's use in financial applications, allowing users to make faster and more cost-effective cross-border transactions with USDT.

We are creating practical solutions for remittances, payments, and other financial applications that demand both speed and reliability.Paolo Ardoino

Tether's Expansion in El Salvador

Two weeks ago, Tether announced its plans to expand into El Salvador after acquiring a DASP license. El Salvador recognizes Bitcoin as legal tender, and recent requirements for mandatory Bitcoin acceptance have been lifted due to an agreement with the IMF.

The integration of USDT with the Lightning Network could significantly impact Bitcoin's financial applications by offering faster and more economical solutions.

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