World Liberty Financial (WLFI) has successfully integrated the USD1 stablecoin onto Bitcoin’s Thunderbolt Network, marking a significant milestone in enhancing Bitcoin’s payment capabilities.
This integration enables fast, efficient stablecoin transactions directly on Bitcoin’s mainnet, expanding Bitcoin’s utility beyond traditional cryptocurrency use cases.
According to WLFI co-founder Zach Witkoff, USD1 is designed to meet the growing global demand for a reliable digital dollar stablecoin, setting new records in adoption and network volume.
WLFI’s USD1 stablecoin integration on Bitcoin’s Thunderbolt Network boosts payment efficiency and market activity, expanding Bitcoin’s role in stablecoin transactions.
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The recent integration of WLFI’s USD1 stablecoin onto the Bitcoin Thunderbolt Network represents a pivotal advancement in Bitcoin’s ecosystem. This development allows users to transact USD1 directly on Bitcoin’s mainnet, a first for a major stablecoin on this network. The move addresses a critical gap left by Tether’s USDT discontinuation of Omni Layer support, providing a native stablecoin solution that enhances Bitcoin’s functionality in payment networks. By enabling rapid and cost-effective stablecoin transfers, the USD1 integration significantly improves Bitcoin’s appeal for both retail and institutional users seeking stable digital dollar transactions.
Since its launch, USD1 has rapidly become the dominant stablecoin on the Thunderbolt Network, accounting for over 90% of its transaction volume. This surge reflects strong market confidence and the network’s growing adoption for stablecoin settlements. Industry analysts from Coincu highlight that the integration is likely to improve Bitcoin’s liquidity and foster broader acceptance of Bitcoin-based payment solutions. The collaboration with Nubit and alignment with Chainlink’s infrastructure further amplify USD1’s cross-border transaction capabilities, positioning it as a key player in the evolving digital finance landscape.
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Source: https://en.coinotag.com/wlfis-usd1-stablecoin-integration-may-enhance-bitcoin-thunderbolt-network-utility-and-payment-efficiency/