In a recent announcement, Tether has revealed its generous donation of a $100,000 grant to the BTCPay Server Foundation, marking a significant step in its ongoing support for the advancement of free and open-source software initiatives.

The BTCPay Server Foundation has gained widespread recognition for its pioneering open-source payment processor software, which has been widely adopted and customized by merchants and enterprises worldwide to facilitate seamless transactions in both Bitcoin (BTC) and USDT.

Paolo Ardoino, CEO of Tether, emphasized the company's steadfast dedication to nurturing the development of open-source technology through this grant. Ardoino underscored Tether's belief in the transformative potential of technology and its commitment to fostering innovation within the open-source community.

“Our grant to the BTCPay Server Foundation is a testament to Tether's unwavering support for the open-source community and our firm belief in the transformative power of technology,” remarked Ardoino.

The BTCPay Server Foundation, renowned for its advocacy of financial privacy and freedom, warmly welcomed Tether's generous contribution. This grant is poised to enhance BTCPay Server's capabilities for innovation and expansion, in line with its mission to provide a secure, private, and censorship-resistant platform for processing payments.

Rockstar Dev, a Core Contributor and founding member of BTCPay Server, expressed deep appreciation for Tether's acknowledgment of the project's significance and the vital role it plays within the Bitcoin FOSS ecosystem.

“I’m grateful to Tether for recognizing the significant role of BTCPay Server as a Bitcoin FOSS project and for their generous grant,” stated Rockstar Dev. “This contribution empowers us to focus on our core mission: enabling anyone to accept Bitcoin, regardless of geographic, political, or financial constraints.”

In addition to its support for BTCPay Server, Tether has recently achieved a significant milestone with its USDT stablecoin surpassing $100 billion in circulation. This milestone reflects the growing demand for Bitcoin and stablecoin assets. Despite experiencing a minor adjustment and briefly exceeding the $1 mark, Tether's reserves surged to $97 billion in December, primarily invested in short-term U.S. Treasury bills.