Stablecoin issuer Tether today announced a major award of $100,000 to the BTCPay Server Foundation, underscoring Tether's strong support of the Free and Open Source Software (FOSS) movement and underscoring its commitment to advancing digital payment solutions, the company said.
JUST: Tether donates $100,000 to BTCPay server so it can continue working on enabling anyone to accept #Bitcoin 💥
– Bitcoin Magazine (@BitcoinMagazine) April 2, 2024
“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,” said Paolo Ardoino, CEO of Tether. “By supporting the BTCPay Server Foundation, we are investing in the future of digital payments and empowering developers to create innovative solutions that meet the evolving needs of users around the world.”
The BTCPay Server Foundation is best known for its open source payment processor software, which is used and customized by many merchants and businesses globally to accept Bitcoin and USDt payments on Liquid. The Foundation's Tether grant reflects its recognition of the pivotal role of free and open source software in driving technological progress and democratizing access to cutting-edge technologies.
“I am grateful to Tether for recognizing the importance of BTCPay Server as a Bitcoin FOSS project and for their generous grant,” said R0ckstar Dev, Bitcoin core contributor and founding member of BTCPay Server. “This contribution significantly enables us to focus on our mission: enabling anyone to accept Bitcoin, unhindered by geographic, political or financial barriers.”
Tether said that his partnership represents another milestone in the company's efforts to support and strengthen the FOSS community, and also showcases its strategic vision and dedication to promoting a more “inclusive and equitable” digital future.
