Why Tether’s USDT on Bitcoin And Lightning Network Game Changing for Global Crypto Market?

Quick Summary:

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 USDT has always been under the scrutiny of regulations with concerns about whether it has enough USD reserves to support its USDT in circulation.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaEl SalvadorGermany

Topics: Bitcoin Lightning Network Stablecoin News Bitcoin (BTC) Price Tether Tether USDT 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 05:56:36 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 43 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25661590

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

Coverage Areas: India

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