Today, stablecoin issuer Tether announced a major reward of $100,000 to the BTCPay Server Foundation This underlines Tether’s strong support for the Free and Open Source Software (FOSS) movement and highlights its commitment to advancing digital payment solutions, the company said.

“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 Tether CEO CPaolo Ardoino. “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 known for its open-source payment processing software, which is used and adapted by countless merchants and businesses around the world to accept Bitcoin and USDt payments on Liquid. Tether’s grant to the foundation reflects recognition of FOSS’s critical role in driving technological progress and democratizing access to cutting-edge technologies.

“I am grateful to Tether for recognizing the significance of BTCPay Server as a Bitcoin FOSS project and for its generous grant,” said Bitcoin Core Contributor and founding member of BTCPay Server, R0ckstar Dev. “This contribution will greatly enable us to focus on our mission: enabling everyone to accept Bitcoin, unhindered by geographic, political or financial barriers.”

Tether stated that its partnership marks another achievement in the company’s efforts to strengthen and improve the FOSS community, and demonstrates its strategic vision and commitment to advancing a digital future that is “more inclusive and equitable” .

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