• Strike, a Bitcoin payments company and remittance app, recently announced the integration of Tether’s USDT – the world’s largest stablecoin.
• The alliance aims to address key challenges hindering the widespread acceptance of the industry, including volatility issues.
• By combining the stability and utility of USDT with Strike’s payment solutions, it is expected to serve as a “reliable bridge” between crypto and traditional financial systems while minimizing exposure to price fluctuations.
Strike Adds Support for Tether’s USDT
Bitcoin payments company and remittance app Strike recently announced the integration of world’s largest stablecoin, Tether’s USDT. The alliance aims to address key challenges hindering the widespread acceptance of cryptocurrency.
Aim of Integration
The integration intends to provide a reliable bridge between crypto world and traditional financial systems while minimizing exposure to price fluctuations by combining stability and utility of USDT with Strike’s payment solutions.
Benefits for Users
Users will have access to convert their digital assets into fiat currency swiftly through Tether’s stablecoin as an intermediary thus overcoming liquidity challenges that have previously hindered adoption.
Comments from Tether CTO
Paolo Ardoino, Tether CTO commented that they are excited about the integration which signifies growing recognition and acceptance of stablecoins as reliable digital payment solution. He added that it will boost widely accepted adoption of digital assets globally.
Conclusion
The collaboration between Strike and Tether is expected to bring in significant changes in terms of eliminating volatility issues while providing users easy access to convert digital assets into fiat currency leading towards greater adoption in future times ahead.