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Tether recently announced a $100,000 grant to the BTCPay Server Foundation, solidifying its support of the free and open-source software movement.
The BTCPay Server Foundation is renowned for its open-source payment processor software, utilized and tailored by numerous merchants and businesses globally to facilitate Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) and USDT transactions.
According to Tether CEO <a href="https://crypto.news/stablecoin-issuer-tether-appoints-paolo-ardoino-as-new-ceo/" data-type="link" data-id="https://crypto.news/stablecoin-issuer-tether-appoints-paolo-ardoino-as-new-ceo/" rel="noopener noreferrer nofollow">Paolo Ardoino</a>, the grant reflects the company’s unwavering commitment to fostering the growth of open-source technology.
“Our grant to the BTCPay Server Foundation is a testament of Tether’s commitment to the open-source community and our belief in the transformative power of technology,” Ardoino <a href="https://tether.to/en/tether-awards-100000-grant-to-btcpay-server-foundation-backing-free-and-open-source-software-development/" data-type="link" data-id="https://tether.to/en/tether-awards-100000-grant-to-btcpay-server-foundation-backing-free-and-open-source-software-development/" target="_blank" rel="noopener noreferrer nofollow">said</a>.
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 Tether Awards $100,000 Grant to BTCPay Server Foundation, Backing Free and Open Source Software Development Read More: 👉 <a href="https://t.co/ar3dGymq55" target="_blank" rel="noopener noreferrer nofollow">https://t.co/ar3dGymq55</a> <a href="https://t.co/0ypqFCayKE" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0ypqFCayKE</a>— Tether (@Tether_to) <a href="https://twitter.com/Tether_to/status/1775154686024180019?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 2, 2024</a>
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The <a href="https://foundation.btcpayserver.org/" data-type="link" data-id="https://foundation.btcpayserver.org/" target="_blank" rel="noopener noreferrer nofollow">BTCPay Server Foundation</a>, known for championing financial privacy and freedom, welcomed Tether’s support. The grant will help bolster BTCPay Server’s capacity for innovation and expansion, aligning with its mission to provide a secure, private, and censorship-resistant platform for payment processing.
Rockstar Dev, a Core Contributor and founding member of BTCPay Server, expressed gratitude for Tether’s recognition of the project’s significance.
“I’m thankful to Tether for recognizing BTCPay Server’s significance as a Bitcoin FOSS project and for its generous grant,” the developer said. “This contribution greatly empowers us to concentrate on our mission: enabling anyone to accept Bitcoin, unhindered by geographic, political, or financial barriers.”
<a href="https://crypto.news/tag/tether/" data-type="link" data-id="https://crypto.news/tag/tether/" rel="noopener noreferrer nofollow">Tether</a> also reached a milestone with its USDT stablecoin surpassing $100 billion in circulation, driven by increased demand for Bitcoin. Despite a slight adjustment and a momentary value exceeding $1, Tether’s reserves climbed to $97 billion in December, mainly in short-term U.S. Treasury bills.
Read more: <a href="https://crypto.news/tether-usdt-stablecoin-record/" rel="noopener noreferrer nofollow"> Tether’s USDT surpasses $100b mark, sets new stablecoin record </a>

Tether grants $100k to BTCPay Server Foundation

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