Tether’s stablecoin to be integrated into Bitcoin Lightning
Lightning Labs, the company behind Bitcoin layer 2 Lightning Network, is using the Taproot Assets protocol to integrate Tether’s USDT stablecoin.
Tether said it’s bringing its namesake stablecoin to Bitcoin through the layer 2 scaling service, the Lightning Network.
Tether CEO Paolo Ardoino and Lightning Labs CEO Elizabeth Stark announced the partnership on stage at the Bitcoin-focused Plan B conference in San Salvador, El Salvador, on Jan. 30.
Tether said in a blog post that Lightning Labs — the firm behind the Lightning Network — built the solution by leveraging the Taproot Assets protocol, which expanded the Bitcoin network’s functionality to support tokenized assets in 2022.
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Author: Brayden Lindrea
