Breez Revolutionizes Cross-Chain Payments with Stablecoin Feature

Breez, a Bitcoin infrastructure company, has introduced a new feature to its developer toolkit that enables users to send stablecoins ($USDC and $USDt) across over 30 blockchain networks directly from their Bitcoin balance. This innovation eliminates the need for converting or holding separate stablecoin balances.

The feature uses the Lightning Network alongside automated conversion to route payments from Bitcoin to stablecoins before delivering funds to the recipient's preferred blockchain. When a user enters a recipient's wallet address, the Breez SDK identifies the destination blockchain, calculates a conversion route, and displays the amount, network, and fees before the payment is confirmed.

Roy Sheinfeld, CEO of Breez, explained that this feature does not require stablecoins to be issued on the Lightning Network. Instead, it relies on 'interoperability' to allow users to spend from their Bitcoin balance while recipients receive stablecoins on supported blockchain networks.