USDT News: Tether Expands USDT to Bitcoin and Lightning Network

Tether has announced a significant expansion of its USDT stablecoin to the Bitcoin blockchain and the Lightning Network. This strategic move aims to enhance the utility and accessibility of USDT across diverse blockchain ecosystems, marking a pivotal development in the cryptocurrency space.

Tether to Mint USDT on Bitcoin and Lightning Network

Tether announced plans to begin minting its stablecoin USDT on the Bitcoin and Lightning Network. This move aims to enhance the utility and accessibility of USDT across different blockchain ecosystems.

Hype for Next 100x Meme Coins as $USDT Moves to Bitcoin Blockchain

Tether, the company behind the $USDT stablecoin, has announced plans to launch $USDT on Bitcoin’s base layer and the Lightning Network. This move is significant as $USDT holds a $140 billion market cap in the stablecoin sector, which is part of the $3.7 trillion total crypto market cap. By integrating $USDT with Bitcoin, Tether aims to enhance transaction efficiency for remittances, payments, and other financial applications. This integration leverages Bitcoin’s base layer and the Lightning Network, promising faster and more reliable solutions. $USDT is already integrated with several major chains like Ethereum, Tron, Solana, and Binance Smart Chain, but adding Bitcoin via the Lightning Network could have far-reaching implications.

Stablecoin Expansion to Drive the Next Crypto Rally as Market Cap Hits $200B

The cryptocurrency market has seen a significant surge in liquidity, with the total market capitalization of stablecoins recently surpassing $200 billion. According to CryptoQuant, this increase in liquidity has historically preceded price rallies in the crypto market. Major stablecoins like Tether’s USDT and Circle’s USDC are leading this expansion, with USDT’s 30-day market cap turning positive after a period of contraction, and USDC experiencing its fastest growth in a year. The liquidity impulse, which has been growing since the U.S. presidential election, suggests that if the momentum in stablecoin expansion continues, higher prices for cryptocurrencies may be on the horizon.