Strike, a popular Bitcoin payment app, has announced the launch of transactions with the stablecoin Tether (USDT) at the Bitcoin 2023 conference in Miami.
Furthermore, the app is now available in an additional 65 countries. This integration of USDT will increase investors’ safety, as they can insure against risks during market turbulence through digital currencies backed by fiat money.
Strike users will be able to purchase bitcoin and convert it to USDT tokens quickly.
Paolo Ardoino, CTO of Tether, welcomed the decision, expressing excitement for the USDT and Strike integration.
He said that this was a significant period in cryptocurrency industry history, as it expands the use of stablecoins as a reliable and efficient virtual instrument.