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Tether Awards $100,000 Grant to BTCPay Server Foundation

Tether Awards $100,000 Grant to BTCPay Server Foundation

Apr 2, 2024

Tether Awards $100,000 Grant to BTCPay Server Foundation

Tether, the prominent stablecoin issuer, has announced a substantial grant of $100,000 to the BTCPay Server Foundation, reinforcing its commitment to the Free and Open Source Software (FOSS) movement and the advancement of Bitcoin payment solutions.

On April 2, 2024, Tether declared its financial support for the FOSS movement with a notable donation to the BTCPay Server Foundation. The foundation is celebrated for its open-source payment processor software that has been widely adopted by countless merchants and enterprises across the globe, enabling them to accept Bitcoin and USDt payments on the Liquid network.

Paolo Ardoino, Tether's CEO, remarked on the occasion, "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. By supporting the BTCPay Server Foundation, we are investing in the future of Bitcoin payments and empowering developers to create innovative solutions that meet the evolving needs of users around the globe."

The awarded funds are set to significantly bolster the BTCPay Server Foundation's capacity to innovate and broaden its payment processing services, which are designed to be secure, private, and resistant to censorship. The grant recognizes the vital role that FOSS plays in driving technological progress and making advanced technologies accessible to all, irrespective of their geographical, political, or financial circumstances.

Bitcoin Core Contributor and founding member of the BTCPay Server, R0ckstar Dev, expressed his appreciation, "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 concentrate on our mission: enabling anyone to accept Bitcoin, unhindered by geographic, political, or financial barriers."

Tether's partnership with the BTCPay Server Foundation highlights the company's ongoing efforts to support and strengthen the FOSS community. As the BTCPay Server Foundation continues to enhance its platform, Tether's grant is expected to have a lasting impact on the future of Bitcoin payments.

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