USDTcoming to Bitcoin Lightning Network

[Mia Chloe]

I can only say we are tricked to believe there is financial freedom where we can trade freely without the middle man, well the government is still going to integrate themselves to the technology we are using such as Bitcoin.

I'm getting a kinda worried about the direction things are heading with stablecoins like Tether. It's like, we're being sold this idea of financial freedom with cryptocurrencies but in reality these stablecoins could end up being just as controlling as the traditional financial systems. I mean, think about it, if Tether can just freeze accounts whenever they want, that's not exactly decentralized.

And what's even more concerning is the potential relationship between Tether and the US government. I've heard rumors that they're working together, which would explain why there's been no audit.

[Trongduy]

I'm getting a kinda worried about the direction things are heading with stablecoins like Tether. It's like, we're being sold this idea of financial freedom with cryptocurrencies but in reality these stablecoins could end up being just as controlling as the traditional financial systems. I mean, think about it, if Tether can just freeze accounts whenever they want, that's not exactly decentralized.

And what's even more concerning is the potential relationship between Tether and the US government. I've heard rumors that they're working together, which would explain why there's been no audit.

Tether has to play by Uncle Sam's rules, and they're aiming for a Big Four audit in the market. That could seriously boost the crypto community's faith in USDT's value.

Now, Tether's got its own thing going on, but they're not building their own blockchain, and USDT isn't exactly decentralized. Tether could freeze some hacker's USDT if the government says so, but hey, that's not my problem. I'm just a normal investor, chilling with my USDT.

[dkbit98]

I found a nice article explaining more about USDT on Lightnng Network with good and bad sides.
With recent changes in regulations I am sure that Tether won't go unnoticed when it get's released on Lightning.
I can remember how they didn't allow Lightning wallets in US, and that can be expanded to other wallets soon.
https://bitcoinmagazine.com/technical/usdt-on-lightning-the-good-the-bad-and-the-unknown

[kulkhan]

I found a nice article explaining more about USDT on Lightnng Network with good and bad sides.
With recent changes in regulations I am sure that Tether won't go unnoticed when it get's released on Lightning.
I can remember how they didn't allow Lightning wallets in US, and that can be expanded to other wallets soon.
https://bitcoinmagazine.com/technical/usdt-on-lightning-the-good-the-bad-and-the-unknown

Yes this article will be very helpful to us to know about USDT on Lightnng Network with good and bad sides. We know Lightning wallets designed to work with Lightnng Network. It has huge good side. Like low fee, first and micro transaction etc. But we also know in US authorities didn't allow Lightning wallets.
But i think gradually Lightning wallets will more popular for It's good side. And Again thankyou for provide a good article.

[dkbit98]

Now you can use liquid assets L-USDT and L-BTC from your Aqua wallet to pay for NYM VPN with 50% discount!
Nym is now using BTCPAY service so there is no danger of your coins not getting accepted for some reason.
You can also use Bitcoin on chain payment, or Lightining, but Liquid confidential transactions are giving a bit more privacy.

 

 

[KryptoBull]

I found a nice article explaining more about USDT on Lightnng Network with good and bad sides.
With recent changes in regulations I am sure that Tether won't go unnoticed when it get's released on Lightning.
I can remember how they didn't allow Lightning wallets in US, and that can be expanded to other wallets soon.

Tether has enough experience to help USDT-L become a legitimate asset in the US and many other countries. The appearance of USDT on Lightning will make it easier for many L2 users to access stablecoins, instead of being limited to just BTC.

I don't have specific data on the demand of Lightning users for stablecoins, but when they have access to USDT-L, they will have a need to swap or use USDT-L for payments over the Lightning network. This will help strengthen liquidity, similar to how USDT has driven the growth of the crypto market over time.

[dkbit98]

Tether has enough experience to help USDT-L become a legitimate asset in the US and many other countries. The appearance of USDT on Lightning will make it easier for many L2 users to access stablecoins, instead of being limited to just BTC.

USDT is the same as USDT-L and there is no way for Tether to became legitimate stable coin in United States or in EU.
Tether already announced they are working on different stable coin that will be fully regulated, and it won't be connected with USDT in any way.
Lightning assets are also problematic in US, some LN wallets already has restrictions in that country.