Stablecoin issuer Tether has announced the integration of USDT into Bitcoin’s ecosystem, including its base layer and the Lightning Network. This integration utilizes Taproot Assets, a protocol powered by Bitcoin’s Taproot upgrade and developed by Lightning Labs. The announcement was made during a fireside chat at the first Plan ₿ Forum in El Salvador by Tether CEO Paolo Ardoino and Lightning Labs CEO Elizabeth Stark. In a statement, Ardoino said, “Tether is committed to driving innovation in the Bitcoin ecosystem. By enabling USDt on the Lightning Network, we are not only reinforcing Bitcoin’s foundational principles of decentralization and security but also creating practical solutions for remittances, payments, and other financial applications that demand both speed and reliability.” USDT Integration with Bitcoin Lightning Network In its official blog post , Tether and Lightning Labs plan to continue working together to develop the ecosystem in a bid to support adoption and provide resources for developers and users. With USDT becoming operational on the Lightning Network, the integration may contribute to expanding Bitcoin’s use in financial applications. Lightning Labs’ Stark and business development director Ryan Gentry explained that once the integration is complete, users will be able to make cross-border transactions with USDT on the Lightning Network, with fast settlement and reduced transaction costs compared to other networks. Businesses and payment providers already using Lightning for Bitcoin transactions will have the option to incorporate USDT without modifying their existing infrastructure. The integration is also expected to support machine-to-machine transactions, potentially enabling applications such as AI-driven payments and interactions between autonomous systems. Additionally, USDT on Bitcoin could contribute to the expansion of financial applications within the latter’s decentralized finance (DeFi) and tokenization ecosystem, including lending, trading, and on-chain financial instruments. Tether’s El Salvador Expansion The latest development comes two weeks after Tether announced its plans to move to El Salvador after securing a Digital Asset Service Provider (DASP) license. As the only country where Bitcoin is legal tender, El Salvador introduced the Chivo Wallet with Lightning Network support in September 2021. While merchants were initially obligated to accept Bitcoin, this requirement was later lifted as part of a $1.4 billion loan agreement with the International Monetary Fund (IMF). The post USDT Expands to Bitcoin’s Lightning Network, Aiming for Faster and Cheaper Transactions appeared first on CryptoPotato .
Crypto Potato
You can visit the page to read the article.
Source: Crypto Potato
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Polymarket Turns Bullish on a DOGE ETF—But Is XYZVerse (XYZ) the Smarter Play?
Polymarket is expressing optimism about the launch of a DOGE exchange-traded fund, capturing the market’s attention. At the same time, XYZVerse (XYZ) is gaining traction as a possibly wiser investment choice. Could XYZVerse be the smarter move amid the DOGE excitement? This article explores these developments and what they might mean for investors. Score Big with XYZ: The New Meme Coin Heavyweight The fans are losing it! The XYZ token is in the crypto ring, landing blows on the competition – bullshit coins, worthless farming schemes, and scam projects. Like a true champ, this first-ever all-sports meme token has fought its way through the bear market with fearless momentum and shows no signs of slowing down. With eyes set on a roaring 75X growth , XYZ is destined to leave the 2024 meme coin triumphants like BOME and WIF trailing in its wake. Own the field, earn while the crowd plays XYZ is creating the ultimate playing field with the award-winning XYZVerse , recognized as the Best NEW Meme Project . Its unique concept marries the thrill of sports with the energy of meme culture. With a roadmap equipped with entertainment dApps, XYZ is poised to draw in millions of sports fans ready to join the action. Remember Polymarket’s massive $1 billion trading volume during the US election betting fever? XYZ is gearing up for an even bigger win in the GameFi arena, letting its stakeholders cash in on the perfect combo of meme coin vibes, sports hype, and crypto mass adoption . Missed meme coin supercycle? By capitalizing on the ever-expanding gambling niche, XYZ is set to become the G.O.A.T of meme coins . BOME’s 5,000% takeoff and WIF’s 1,000% year-to-date rally are now relics of the past because XYZ is set to explode by over 7,400% from its current price by the TGE and outshine its sensational predecessors. Get in the game early to secure your spot – currently undervalued , XYZ is going the distance to break new records! Rallying the community, securing the win XYZVerse will be the MVP in this bull run , giving the community the control to call the plays and steer the ecosystem’s direction. Active contributors will receive airdropped XYZ tokens as a reward for their dedication. With rock-solid tokenomics and plans for both CEX/DEX listings, XYZ is positioned for a championship run , ensuring a steady revenue flow and consistent token burns to keep the scoreboard in favor of a strong price and a thriving community. >>The XYZ presale is live – don’t miss out on this knockout 9,900% opportunity! Dogecoin (DOGE) Dogecoin’s price over the past six months has soared by 196.34%, showing significant growth. In the last month, the price increased by 5.84%, indicating steady progress. However, the past week saw a decline of 8.57%, bringing the current price range to between $0.31 and $0.38. The nearest support level is at $0.29, while resistance stands at $0.42. If Dogecoin breaks through the $0.42 resistance, it could aim for the second resistance level at $0.49. On the downside, if it falls below the support at $0.29, the next support is at $0.22. The simple moving averages for both 10 days and 100 days are at $0.33, suggesting the price is hovering around its average. Technical indicators like the Relative Strength Index at 56.23 and the Stochastic at 74.33 point towards potential upward movement. The MACD level of 0.001159 also supports this outlook. Based on these factors, Dogecoin may see a rise in price in the near future, possibly testing the resistance levels. Investors might watch for a break above $0.42 to signal further growth. Conclusion Though DOGE and others are promising, XYZVerse (XYZ) uniquely blends memes and sports, aiming for massive growth, making it a potentially smarter play in the current bull run. You can find more information about XYZVerse (XYZ) here: Site , Telegram , X Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . Crypto Potato
Trading Volume Increases In Sui, Pepe Coin, And Elluminex, Are We Gearing Up For The Mother Of All Bull Runs?
As the new US president, Donald Trump, promotes decentralized finance and aims to expand cryptocurrency adoption by reducing regulatory pressure, the crypto market is poised to undergo a massive bull wave in 2025. Due to the increasing excitement around the next crypto rally, traders acquire undervalued altcoins to capture tremendous returns. We have witnessed a considerable increase in the trading volume of SUI and PEPE and the emerging project in presale, Elluminex (ELX). Let’s analyze these altcoins and explore the growth potential of Elluminex, the early-stage project dubbed the next DeFi leader. Sui Breaks Support Trendline: Is The Uptrend Over? After an extended cup-and-handle pattern developed over seven months after March 2024, SUI broke out of the $2.16 resistance level on 6 November 2024. This sparked a massive rally, and SUI surged over 80% within ten days. After this, the price pulled back over 23% but reversed and continued to rise in an uptrend channel. SUI traded in this channel for over two months, but the price dropped below the lower trendline on Monday. The price has declined by over 0.45% in the last 24 hours, and SUI currently trades at $4.40. Despite the decline, its daily trading volume has increased by 54%. The price has dropped below the 50-day Simple Moving Average (SMA) but is above the 100-day SMA. SUI is just 17.86% below its ATH at $5.35, and since the price has corrected significantly and the volume is increasing, it may reverse to continue the uptrend. PEPE: Demand Increases Near Crucial Support Level During the recent rally, PEPE gained over 250% within a month but lost demand after reaching the $0.000028 price level, which caused it to drop to the $0.0000165 support level. As the PEPE price lost momentum, it consolidated between this support and the $0.000021840 resistance levels for over a month. PEPE plunged below this range a few days ago and is trading at $0.00001548 after a 3.4% intraday surge. The price has immediate support at $0.00001437, where the demand resists further decline. If PEPE drops further, the next significant support level is $0.00001316. However, the MACD oscillator is declining fast, indicating increasing bearish pressure. The RSI is 39 and is steadily dropping, suggesting PEPE is moving towards the underbought region. Elluminex (ELX): Next-Generation DeFi Hub On TON The DeFi sector is plagued by fragmented liquidity, high transaction costs, complex interfaces, and limited exposure to early-stage investment opportunities. These issues arise mainly from outdated methods and inefficient infrastructure. For the steady growth of DeFi, more innovative and advanced platforms are required. Thus, Elluminex aims to become the first comprehensive DeFi hub and revolutionize the industry by leveraging the remarkable capabilities of the TON blockchain. Elluminex will provide investors with an all-in-one DeFi platform where users can easily trade, stake, farm, bridge, and track their portfolios from a single point of contact. Thus, Elluminex users will have better security and efficiency as they will no longer need to navigate various platforms. The core component of this DeFi hub will be the Elluminex DEX, which will be integrated with a cross-chain bridge. This DEX will allow users to connect their TON wallets and make direct asset transfers across multiple blockchains. Moreover, TON’s 100,000 TPS, infinite sharding, and scalable architecture ensure lightning-fast transactions, low slippage, and consistent prices even during high network activity. Elluminex will also provide users access to an AI-powered portfolio tracker and advanced trading features such as limit orders and LP trading. The native token, ELX, will be essential for transaction fees and accessing advanced platform features. The token presale has started, and ELX is currently valued at $0.06, which will surge to $0.08 in the next stage. Early investors have an excellent opportunity to acquire this token while it is undervalued and capture enormous returns as the project grows to capture the DeFi market. For more information about Elluminex (ELX) visit the links below: Website: https://elluminex.com/ Twitter/X: https://x.com/elluminex Telegram: https://t.me/Elluminex Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . Crypto Potato