Tether, the company behind the $USDT stablecoin, announced plans to launch $USDT on Bitcoin's base layer and the Lightning Network. That's big, big news – $USDT carries a $140B market cap in the stablecoin sector, which itself accounts for some $224B of the $3.7T total crypto market cap.
Last year was a great one for the crypto market, which saw strong price increases, including Bitcoin breaking the $100,000 mark for the first time. With Donald Trump winning the elections and becoming the first U.S. president to be a supporter of cryptocurrency, many crypto-related companies earned significant profits.
This move will bring stablecoins to both Bitcoin's base layer and its Lightning Network. This is made possible by a new Taproot-powered protocol called Taproot Assets, developed by Lightning Labs.
Tether's 2024 financial report highlights a net profit surpassing $13 billion.
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of year-end.
According to emails shared with European users, Crypto.com will delist several prominent cryptocurrencies, including Tether's USDT, Wrapped Bitcoin (WBTC), and DAI, by January 31, 2025.
The crypto market is treading water and the biggest cryptocurrency, bitcoin, is taking a bull breather. Its upward momentum is getting stifled by Trump's renewed tariff threats, which are also sending gold prices soaring to record highs and propping up demand for the U.S. dollar.
USD COIN has created history with its mind blowing hold over the world. The financial system was revolutionized when USD COIN started climbing the ladder.
The Bitcoin network has grown to a vibrant Web3 ecosystem with over $7.1 billion in TVL, facilitated by the Lightning network and the Taproot-enabled protocols.
USDT adoption on Bitcoin's Lightning Network supports instant transactions, AI payments, and DeFi expanding Bitcoin's real-world financial applications.
TL;DR Tether has integrated its USDT stablecoin with Bitcoin's Lightning Network, enabling instant, low-cost transactions while maintaining Bitcoin's security and decentralization. The integration leverages the Taproot Assets protocol to enhance Bitcoin's ability to handle tokenized assets, transforming how stablecoins are used within Bitcoin's ecosystem.
Tether announced the integration of USDT with Bitcoin's base layer and Lightning Network using Taproot Assets protocol, enabling faster transactions and expanding payment possibilities while maintaining Bitcoin's security features.
Tether is launching the USDT stablecoin on the Bitcoin and Lightning Networks. Taproot Assets supports the integration.
Tether has expressed disappointment over the delisting of its USDT stablecoin by exchanges in Europe following the implementation of the Markets in Crypto-Assets (MiCA) framework.
Tether, the world's leading stablecoin issuer, has announced the integration of USDT into Bitcoin's ecosystem, including its base layer and the Lightning Network.
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.
Aptos users can now access Native USDC directly, improving transaction efficiency and eliminating the need for cross-chain bridging. The integration strengthens DeFi, payments, and real-world asset applications on the Move-based blockchain. The post Circle Announces Native USDC Is Now Live on Aptos Mainnet appeared first on Cryptonews.
In a latest development, Circle announced that its native stablecoin USDC has gone live on the Layer-1 Aptos mainnet and accessible to all developers and users. With the new development, developers and users would not need bridging when performing a transaction.
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.
Circle integrated its native USDC stablecoin onto Aptos' blockchain ecosystem alongside its Cross-Chain Transfer Protocol (CCTP) for interoperability.
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.
Circle integrates USDC natively on Aptos Layer-1 blockchain, marking a shift from bridged tokens and enhancing the network's DeFi capabilities.
Circle's digital dollar, USD Coin, is now available natively on the layer-1 blockchain Aptos, empowering developers and users.
Native USDC has finally landed on Aptos — a major move, one that brings Circle's stablecoin directly onto the high-speed blockchain, eliminating reliance on Ethereum bridges. No more middlemen, just pure 1:1 redeemable USDC issued straight from Circle.
USDC on Aptos is natively issued by Circle, ensuring seamless integration without cross-chain bridging.
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).
During a confirmation hearing to become Commerce Secretary, the billionaire Bitcoin backer faced questions about his firm's ties to Tether.