USDT issuer Tether, together with subsidiary Bitfinex and peer-to-peer (P2P) infrastructure platform Hypercore, has launched “Holepunch,” a P2P platform intended to enable developers to build applications. Web3 can
Holepunch is a fully encrypted protocol designed to It “unlocks global communication, empowers freedom of speech, and fights global censorship,” according to the company’s statement.
The platform will switch to open source code later this year when alpha testing is complete. It will launch a suite of peer-to-peer applications over the coming weeks and months.
The company has invested 10 million US dollars. To help develop new protocol-based startups, Holepunch is looking to invest more.
Paolo Ardoino, Chief Technology Officer at Tether and Bitfinex, will lead as Chief Strategy Officer. It underlined the need for more privacy solutions, stating:
“Tether and Bitfinex believe freedom of choice, communication, and finance are the lifeblood of the future. And anything that elevates those freedoms is worth expanding.”
Developers building solutions based on the Holepunch protocol will be able to use USDT by default for However, the company has yet to reveal support for micropayments. cryptocurrencies and other stablecoins
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