Built on the basis of the Lightning Network solution for the Bitcoin network, the Strike payment platform announced support for the largest stablecoin USDT on various networks.

According to Tether CTO Paolo Ardoino, users will be able to deposit and withdraw USDT, as well as settle using stablecoins.

It has not yet been finalized on which networks Tether USD will be supported, however, according to Ardoino, it “will be a combination of the most commonly used blockchains.”

“By using the Tether stablecoin as an intermediary, users are able to quickly and easily convert their assets into fiat currencies without liquidity issues. This will be user-friendly and will allow Tether and Strike to promote the adoption of cryptocurrencies around the world,” the operator of the largest stablecoin said in a statement.

As part of the agreement, all cash of Strike platform users living outside the US will be converted into USDT.

Earlier it was reported that Strike decided to move its headquarters from the US to El Salvador due to increased regulatory pressure in America.