Benzinga - Digital payment platform Strike announced on Monday it integrated Tether's USDT (CRYPTO: USDT) stablecoin into its services.
With Tether's inclusion, Strike intends to streamline digital transactions and strengthen its industry standing.
The integration follows Strike's recent expansion into 65 additional countries and the unveiling of a new USDT-supported app design at Bitcoin 2023.
The integration of Tether's stable digital currency and Strike's cutting-edge payment technology seeks to deliver an enhanced transaction experience for users, according to a statement.
With the integration aimed toward the mainstream acceptance of cryptocurrencies, Strike users can now leverage the benefits of digital assets without the associated risks of price volatility and allow users to purchase and sell Bitcoin (CRYPTO: BTC) through the Strike app.
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Tether's stablecoin acts as a buffer, allowing users to convert digital assets into fiat currency, thereby resolving liquidity issues that have previously deterred adoption.
Paolo Ardoino, chief technology officer of Tether, expressed his enthusiasm for the integration, describing it as a "pivotal moment for the cryptocurrency industry."
He stressed the recognition of stablecoins as efficient digital payment solutions and voiced his belief that the collaboration would catalyze the widespread adoption of digital currencies.
The Tether-Strike integration offers several key features, including fast, secure and efficient payments, the statement added.
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