Tether Supports Open-Source Innovation with $100K to BTCPay Server Foundation

Tether, the stablecoin issuer, has awarded a $100,000 grant to the BTCPay Server Foundation, demonstrating its support for the open-source community and its belief in the transformative power of FOSS. The grant will empower BTCPay Server to continue its work in developing open-source payment processor software, enabling anyone to accept Bitcoin and USDt payments on Liquid.

Tether Bolsters Open-Source Innovation with $100,000 Grant to BTCPay Server Foundation

London, April 2, 2024 - In a notable development for the digital asset industry, Tether, the leading stablecoin issuer, has announced a substantial grant of $100,000 to the BTCPay Server Foundation. This strategic investment underscores Tether's unwavering support for the open-source community and its belief in the transformative power of technology.

Tether's Chief Executive Officer, Paolo Ardoino, expressed the company's commitment to empowering open-source initiatives: "Our grant to the BTCPay Server Foundation is a testament to Tether's dedication to the open-source community and our belief in the transformative power of technology. By supporting the BTCPay Server Foundation, we are investing in the future of digital payments and empowering developers to create innovative solutions that meet the evolving needs of users worldwide."

The BTCPay Server Foundation has gained recognition for its open-source payment processor software, which enables businesses and individuals to accept Bitcoin and USDt payments seamlessly. Tether's grant to the foundation acknowledges the pivotal role of open-source software in driving technological advancements and democratizing access to cutting-edge technologies.

R0ckstar Dev, Bitcoin Core Contributor and founding member of BTCPay Server, expressed his gratitude for Tether's support: "I am immensely grateful to Tether for recognizing BTCPay Server's significance as a Bitcoin FOSS project and for its generous grant. This contribution significantly empowers us to focus on our mission: enabling anyone to accept Bitcoin, unconstrained by geographic, political, or financial barriers."

Tether's partnership with the BTCPay Server Foundation marks another milestone in the company's ongoing efforts to strengthen and support the open-source community. It aligns with Tether's strategic vision of fostering a digital future that is inclusive, equitable, and accessible to all.

This latest development reinforces Tether's position as a trailblazer in the digital asset space and its commitment to supporting and empowering the open-source community. As the digital payment landscape continues to evolve, Tether remains steadfast in its mission to drive innovation, accessibility, and inclusivity.