Introduction to USD1 and Bitcoin Thunderbolt Network
The WLFI team, associated with a crypto initiative involving the Trump family, has announced the successful incorporation of its stablecoin, USD1, into the Bitcoin Thunderbolt Network which is backed by Nubit. Notably, USD1 is currently the exclusive stablecoin that functions on the Bitcoin network, following the suspension of the Omni version of Tether’s USDT.
Integration and Benefits
With this integration, users gain the ability to send and receive USD1 directly on the Bitcoin mainnet, while also having the option to purchase nodes within the Thunderbolt Network. This partnership marks a major step forward, enhancing Bitcoin’s utility in terms of stablecoin transactions and payment networks.
Furthermore, the collaboration is anticipated to enable USD1 to dominate circulation within the Bitcoin Thunderbolt Network, potentially making up over 90% of its transaction volume.
Network Enhancements
On a related note, an announcement from HSBC on April 15 highlighted that the Bitcoin Thunderbolt Network had implemented enhancements such as UTXO Bundling and OP_CAT instructions through a soft fork on the mainnet. These improvements facilitate the issuance of native assets, accelerate transactions, and enable smart verification on-chain.
Testing has indicated that the efficiency of the network has increased remarkably, by up to 2,000 times compared to its predecessor. This innovative network was developed through the combined efforts of original Bitcoin miners, core developers, and the Nubit team.
