Tether Awards Another $100,000 Grant to BTCPay Server Foundation, Reaffirming Its Commitment to Free and Open Source Software Development

By: tether io|2025/05/08 13:15:01

P2P

BTC

CORE

8 May, 2025 – Tether , the largest company in the digital asset industry, has reinforced its commitment to the Free and Open Source Software (FOSS) movement with another $100,000 grant to the BTCPay Server Foundation . This marks the second consecutive year Tether has extended direct support to the Foundation, reaffirming its strategic mission to champion developers building the infrastructure for financial freedom. The BTCPay Server is a self-hosted, open-source cryptocurrency payment processor that empowers thousands of businesses, projects, and communities worldwide to accept Bitcoin and USD₮ payments. The development of this software keeps the system up-to-date and compatible with cutting-edge technology such as the Lightning Network, which extends the practical use of Bitcoin even further. The 2025 grant builds on the foundation laid by last year’s contribution , enabling the BTCPay Server Foundation to expand development efforts, improve usability, and strengthen the privacy-focused payment platform. Tether’s CEO, Paolo Ardoino, said. “We firmly uphold the principles of financial freedom and individual privacy that BTCPay Server exemplifies. This new grant to the BTCPay Server Foundation reflects our respect for the cypherpunk principles that bolster the digital asset movement. It provides financial support and reinforces our commitment to building decentralized, censorship-resistant financial infrastructure. By supporting their work, we advance a vision of borderless payments and open-source innovation.” This renewed support emerges from Tether’s broader recognition of FOSS’s vital role in democratizing access to critical technologies and shaping the future of decentralized finance. Tether has consistently backed projects that align with these goals, including Holepunch , a fully encrypted platform for building peer-to-peer applications, Keet a free peer-to-peer instant messaging application that works without the need for centralized entities on any device, and the Wallet Development Kit an open-source, modular software development kit designed to empower businesses and developers to seamlessly integrate non-custodial wallets and user experiences for USD₮ and Bitcoin in any app, website, and device, each contributing to a global infrastructure that is more equitable, resilient, and user-empowered. Rockstar Dev , a Core Contributor and founding member of BTCPay Server said “Tether continues to recognize the value of FOSS, and it’s great to see that beyond supporting P2P (Holepunch), secure messaging (Keet), and the Wallet Development Kit, this second grant to BTCPay Server Foundation reaffirms a commitment to decentralized payments. It gives us, the FOSS contributors that are part of the Foundation, the ability to keep building open-source tools that empower anyone, anywhere, to accept Bitcoin, unhindered by geographic or financial barriers.” As global demand for secure payment systems increases, Tether continues to set industry standards by backing FOSS pioneers whose technologies promote privacy, independence, and universal access to digital assets. Ongoing support in projects like this reinforces its commitment to advancing the digital ecosystem as a thought leader and enabling projects that drive meaningful change.

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