Usdt expands to the lightning network in Bitcoin, with the goal of the fastest and cheapest transactions

Tether Stablecoin Tether has announced the combination of USDT into the Bitcoin environmental system, including the basic layer and the Lightning network. This integration uses Taproot assets, which is a bitcoin upgrade protocol and its development by Lightning Labs.

During a chat on the Fireside side, it was announced in the first plan ₿ Forum in El Salvador by the CEO of Tether Paolo Ardoino and Lightning Labs, Elizabeth Stark.

In a statement, Erdino said,

“Tether is committed to leading innovation in the Bitcoin ecosystem. By enabling USDT on the lightning network, we not only enhance Bitcoin’s constitutive principles of decentralization and security but also create practical solutions for transfers, payments and other financial applications that require both speed and reliability.”

Usdt integration with Lightning Bitcoin

In its official Blog postTether and Lightning Labs are planning to continue working together to develop the environmental system in an attempt to support adoption and provide resources for developers and users. With the operation of Usdt on the lightning network, integration may contribute to the expansion of the use of bitcoin in financial applications.

Ryan Gentry, director of bright business development at Lightning Labs, explained that once integration is completed, users will be able to make cross -border transactions with USDT on the lightning network, with a rapid settlement and cost of reduced transactions compared to other networks.

Companies and payment providers who already use Lightning for Bitcoin transactions will have a USDT incorporation option without adjusting the current infrastructure. It is also expected that integration will support transactions from the machine to the machine, which may lead to enabling applications such as the payments driven by artificial intelligence and interactions between independent systems.

In addition, USDT can contribute to Bitcoin to the expansion of financial applications in the last decentralized financing (Defi) and the ecosystem of the distinctive symbol, including lending, trading and financial tools on the chain.

Salvador expanded in Tether

The latest development comes two weeks after Tether announced its plans to move to El Salvador after securing the DASP license license (DASP).

As the only country where Bitcoin is a legal tender, Al Salvador presented the Chivo portfolio with the support of the Lightning Network in September 2021. While merchants are initially committed to accepting Bitcoin, this demand was subsequently raised as part of a $ 1.4 billion loan agreement with international cash fund ( International Monetary Fund).