BTCPay Server Foundation receives $100k grant from Tether
Tether has recently made an exciting announcement, revealing that it will be providing a substantial grant of $100,000 to the BTCPay Server Foundation. This move demonstrates Tether’s strong support for the free and open-source software movement.
The BTCPay Server Foundation has gained recognition for its exceptional open-source payment processor software. This software has been utilized and customized by countless merchants and businesses worldwide to facilitate Bitcoin (BTC) and USDT transactions.
Tether CEO Paolo Ardoino expressed his enthusiasm for the grant, stating that it signifies the company’s unwavering dedication to promoting the growth of open-source technology. Ardoino believes in the transformative power of technology and sees this grant as a testament to Tether’s commitment to the open-source community.
The BTCPay Server Foundation, known for championing financial privacy and freedom, warmly welcomed Tether’s support. This generous grant will significantly enhance BTCPay Server’s capacity for innovation and expansion. It perfectly aligns with the foundation’s mission of offering a secure, private, and censorship-resistant platform for payment processing.
Rockstar Dev, a Core Contributor and founding member of BTCPay Server, expressed sincere gratitude for Tether’s recognition of the project’s importance. The developer highlighted the significance of this contribution, stating that it empowers the foundation to focus on its mission of enabling anyone to accept Bitcoin without any hindrances imposed by geographic, political, or financial barriers.
In addition to this groundbreaking announcement, Tether also achieved a significant milestone with its USDT stablecoin. It has surpassed $100 billion in circulation, driven by the growing demand for Bitcoin. Despite a slight adjustment and a temporary value exceeding $1, Tether’s reserves stood at an impressive $97 billion in December, primarily invested in short-term U.S. Treasury bills.
This news showcases Tether’s continued success and influence in the cryptocurrency market. As the company reaches new heights, it remains committed to supporting innovative projects like the BTCPay Server Foundation and driving the adoption of digital currencies.
