Tether Grants $100,000 to BTCPay Server Foundation
Tether recently announced a $100,000 grant to the BTCPay Server Foundation, demonstrating its commitment to supporting the free and open-source software movement. The BTCPay Server Foundation is well-known for its open-source payment processor software, used by many merchants and businesses worldwide for Bitcoin (BTC) and USDT transactions.

According to Tether CEO Paolo Ardoino, this grant showcases the company’s dedication to promoting the growth of open-source technology. Ardoino stated, “Our grant to the BTCPay Server Foundation is a testament to Tether’s commitment to the open-source community and our belief in the transformative power of technology.”

The BTCPay Server Foundation, a strong advocate for financial privacy and freedom, welcomed Tether’s support. This grant will enhance BTCPay Server’s ability to innovate and expand, in line with its goal of offering 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 acknowledgment of the project’s importance. The developer stated, “I’m thankful to Tether for recognizing BTCPay Server’s significance as a Bitcoin FOSS project and for its generous grant. This contribution greatly empowers us to focus on our mission: enabling anyone to accept Bitcoin, unrestricted by geographic, political, or financial barriers.”

In addition to supporting the BTCPay Server Foundation, Tether also achieved a significant milestone with its USDT stablecoin surpassing $100 billion in circulation. This increase in demand for Bitcoin led to Tether’s reserves reaching $97 billion in December, primarily held in short-term U.S. Treasury bills.

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