Cryptocurrency firm Tether (CRYPTO: USDT) announced the launch of USDT, the world’s most valuable stablecoin by market cap, on the Bitcoin (CRYPTO: BTC) blockchain on Thursday.
What Happened: The integration will make the $139 billion-valued stablecoin available on Bitcoin’s base layer and the Lightning Network, its second-layer protocol, according to a press release.
The integration will be made possible by the new Taproot-powered protocol, Taproot Assets, developed by Lightning Labs. The upgrade allows users to issue and transfer digital assets like stablecoins directly on the Bitcoin blockchain.
“Millions of people will now be able to use the most open, secure blockchain to send dollars …
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