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The issuer of the USDT stablecoin has expressed concerns regarding the withdrawal of its crypto from European platforms. This decision, driven by the new MiCA regulation, could create a "disordered" market according to Tether and pose risks for European consumers.
At the Plan ₿ Forum in El Salvador, stablecoin firm Tether announced its plans to integrate USDT into the Bitcoin Base Layer as well as the Layer 2 Lightning Network. Market analysts are hopeful that this would significantly expand Bitcoin ecosystem, increase BTC Layer 2 adoption, and expand stablecoin utility.
Tether is integrating its USDT stablecoin with Bitcoin's Lightning Network, leveraging the Taproot Assets protocol to enhance transaction efficiency.
Stablecoin issuer Tether has announced that its flagship USDT stablecoin, which boasts a market cap of $139 billion, has been launched on Bitcoin's Lightning Network.
Tether's latest move puts USDT directly on Bitcoin's infrastructure, allowing stablecoin transactions to settle faster and more efficiently via the Lightning Network.
The EU's MiCA regulations, which took effect for stablecoins, have led some exchanges to delist Tether's USDT. However, some experts argue that the new rules will ultimately benefit both stablecoin issuers and users.
Tether, the crypto firm behind the world's largest stablecoin, is bringing its $140 billion USDT token to Bitcoin.
Lightning Labs, the company behind Bitcoin layer 2 Lightning Network, is using the Taproot Assets protocol to integrate Tether's USDT stablecoin.
Lightning Labs, the company behind Bitcoin layer 2 Lightning Network, is using the Taproot Assets protocol to integrate Tether's USDT stablecoin.
Circle's bid to push its USD Coin (USDC) to the fore as a leading stablecoin option got a boost following the launch of the coin on the Aptos mainnet network. Aptos is a fast-growing layer-1 blockchain network, and the biggest compliment to its reputation could be its “Solana killer” nickname.
The integration is supported by Taproot Assets, a network that enables interoperability between stablecoins and other assets on the Bitcoin network.
Tether's USDt joins Bitcoin's Lightning Network for faster, low-cost transactions, enhancing financial applications and global reach. The post Tether integrates USDt on Bitcoin's Lightning Network appeared first on Crypto Briefing.
The largest stablecoin is integrating with the Bitcoin network, Tether Paolo Ardoino announced at a Bitcoin conference in El Salvador.
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 stablecoin issuer's choice to bring USDT back to Bitcoin is a massive win for the Lightning Network and Joltz's bet on Taproot Assets.
Senator Elizabeth Warren has raised concerns over Donald Trump's nomination for Commerce Secretary, citing major conflicts of interest. This is borne out of Howard Lutnick's position at Cantor Fitzgerald, a firm with a 5% stake in USDT stablecoin issuer Tether.
Tether has expressed strong dissatisfaction with the European Union's MiCA regulations, calling them “rushed actions” that could lead to risks for consumers.
Tether is touting its tokenization platform Hadron and its investment in Quantoz as part of its European strategy amid regulatory pressures that have led to USDT delistings under the EU's Markets in Crypto-Assets (MiCA) framework. In a statement to CryptoSlate on Jan.
What does MiCA foresee and why is it relevant for stablecoin
MiCA-triggered crypto changes in Europe could create a “disorderly” market, according to USDT stablecoin operator Tether.
In a major win for crypto regulation, Spanish authorities, with help from the T3 Consortium, dismantled a crime syndicate, arresting 23 individuals and seizing $26.4 million. On the market side, analysts are eyeing the movement of Bitcoin by long-term holders, which could signal a bullish trend and drive up prices due to increased market liquidity.
Spain's Guardia Civil, in collaboration with Tether, TRON, and TRM Labs, froze $26.4 million in crypto linked to a European criminal network. Spanish authorities and the T3 Financial Crime Unit blocked $26.
As part of its plans to comply with the European Union's Markets in Crypto-Assets (MiCA) regulation, Crypto.com has announced plans to delist stablecoin, USDT. USDT, launched by Tether, is the largest stablecoin by market cap.
Crypto.com has announced it will delist Tether's USDT and nine other tokens in Europe by Jan. 31, 2025, to comply with the European Union's Markets in Crypto-Assets Regulation (MiCA).
