Bitfinex invested in the Plasma platform to scale the use of Tether (USDT) on the Bitcoin (BTC) blockchain with zero fees and DeFi support 🌍

421 Total views in all languages

Bitfinex has invested in the Plasma platform, which focuses on payments, real assets, and DeFi based on Bitcoin. The project’s goal is to create a zero-fee system for USDT transfers using Bitcoin as the underlying layer. Plasma supports fee payments in BTC, staking, and is compatible with the Ethereum Virtual Machine. This solution aims to expand Bitcoin's use in global payments and DeFi.

Paolo Ardoino, CTO of Bitfinex and CEO of Tether, emphasized the importance of the investment for the continued development of the Bitcoin ecosystem.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

RoadMap

Top Articles of the Last 10 Days

Turkish bank BankPozitif is launching a cryptocurrency custody service in partnership with Taurus, having received a license from the Turkish Securities and Exchange Commission for the safe custody of digital assets

Microsoft is developing its own AI models and testing alternatives to OpenAI to compete in the technology space, investing $14 billion and hiring industry experts

Congressman Brandon Gill proposed a bill to replace Benjamin Franklin with Donald Trump on the $100 bill to recognize his contributions to America

Binance will remove nine stablecoins, including USDT and DAI, from March 31 in Europe to comply with the MiCA regulation, while support for storing and withdrawing tokens will remain

Ronaldinho launches the STAR10 token on the BNB blockchain: a new project combining football and blockchain with exclusive events, but raising questions due to insider transactions

Japan is reducing taxes on cryptocurrency and introducing new rules for regulating digital assets, including increased control over unregistered exchanges

Russia excluded Bitcoin from national reserves, strengthening its positions in gold and the Chinese yuan as part of a financial strategy to ensure stability and liquidity

Trump announced the creation of the strategic crypto reserve of the USA with Bitcoin, Ethereum, and other cryptocurrencies, supporting the development of the industry and strengthening the USA's position in the crypto market