USDTcoming to Bitcoin Lightning Network

[dkbit98]

Tether just announced they are coming to Bitcoin Lightning Network.
Some people think this ia s good thing, BUT remember that behind Lightning Network there is a firm Lightning Labs.
Maybe Tether is doing this to combat ban from EU and announced delisting from many centralized exchanges.
https://decrypt.co/303701/tether-usdt-bitcoin-lightning-network

[Mia Chloe]

Of all the stable coins we have on the coin market USDT is the only one I basically make use of most of the time if there is any reason or need for me to make use of a stable coin. Nevertheless I still don't fancy the news of this integration or Tether's said move on the lightning network. Basically even the Bitcoin lightning network is not as safe as on chain transactions.

Well I think it's left for us to sit back and watch the outcomes of their moves and decisions. Nevertheless I don't see a need for their said move.

[MrSpasybo]

Tether just announced they are coming to Bitcoin Lightning Network.
Some people think this ia s good thing, BUT remember that behind Lightning Network there is a firm Lightning Labs.
Maybe Tether is doing this to combat ban from EU and announced delisting from many centralized exchanges.
https://decrypt.co/303701/tether-usdt-bitcoin-lightning-network

Tether has declined to comply with MiCA because they consider it unfair, therefore the disappearance of USDT in the EU is completely normal and within Tether plan. I think Tether has its own strategy and minting USDT on the Lightning Network is part of it.

With the development of Layer-2 and the widespread adoption of BTC, the demand for transactions on the Lightning Network will continue to increase. The existence of USDT on this network will open up more access to capital and serve more users, I hope it will promote Tether expansion in the stablecoin sector.

[dkbit98]

Tether has declined to comply with MiCA because they consider it unfair, therefore the disappearance of USDT in the EU is completely normal and within Tether plan. I think Tether has its own strategy and minting USDT on the Lightning Network is part of it.

This is a stupid plan in my opinion.
EU can just ban Lightning Network and LN wallets all together, it's not like this didn't happen already in United States with Phoenix and other wallets.
Or they can add mandatory verification for using Lightning, and that is even worse than just restricting use of USDT.

[MrSpasybo]

This is a stupid plan in my opinion.
EU can just ban Lightning Network and LN wallets all together, it's not like this didn't happen already in United States with Phoenix and other wallets.
Or they can add mandatory verification for using Lightning, and that is even worse than just restricting use of USDT.

As I understand it, even if USDT were created on the Lightning Network, it would still not be authorized in the EU. This is merely a plan for Tether to expand its influence and increase USDT marketcap.

Tether has its own calculations, and I respect that. Bypassing the EU market may not have a significant impact on Tether business. Additionally, Tether has invested in StablR - a MiCA-compliant stablecoin issuer. It seems that Tether is seeking to regain market share in Europe through this partnership with StablR ^^

• Tether Invests in MiCA-Compliant Stablecoin Issuer StablR

[dkbit98]

As I understand it, even if USDT were created on the Lightning Network, it would still not be authorized in the EU. This is merely a plan for Tether to expand its influence and increase USDT marketcap.

It is only a matter of time when rest of the world will ban USDT also, it's not going to stop with EU.
I don't think any stablecoins will survive long term, unless they are created by regulators, and that makes them worse than current fiat currencies we have.

Tether has its own calculations, and I respect that. Bypassing the EU market may not have a significant impact on Tether business. Additionally, Tether has invested in StablR - a MiCA-compliant stablecoin issuer. It seems that Tether is seeking to regain market share in Europe through this partnership with StablR ^^

I heard about StablR but they have a long road ahead to increase adoption, and they basically starting from zero.

[MrSpasybo]

It is only a matter of time when rest of the world will ban USDT also, it's not going to stop with EU.
I don't think any stablecoins will survive long term, unless they are created by regulators, and that makes them worse than current fiat currencies we have.

I do not think USDT will be banned in other jurisdictions. MiCA is a quite harsh and unclear legal framework, and Tether dislikes it and chooses to withdraw from this market. Tether is still the largest stablecoin issuer in the market, USDT is quite well accepted in the US and Asia, so I believe in its future. Tether is holding a lot of US government bonds and the draft laws for stablecoins are very positive for USDT development.

USDT can be considered a tool for dollarizing the world that the US is applying very effectively. I think USDT will still exist in the long term and Tether will continue to make huge profits in 2025.

[dkbit98]

I do not think USDT will be banned in other jurisdictions.

It is already banned in United States and EU, but you can think whatever you want.
Only way is if they shut down Tether and rebrand it with totally different name, with fresh start and they have to be fully regulated.
Or they go underground and lose top position as most used stablecoin in crypto markets.

[bitcoin-shark]

I wasn't aware of it but it's good news, the bitcoin blockchain is much more secure, even in my opinion it's a move to counteract the new EU regulation

[MrSpasybo]

It is already banned in United States and EU, but you can think whatever you want.
Only way is if they shut down Tether and rebrand it with totally different name, with fresh start and they have to be fully regulated.
Or they go underground and lose top position as most used stablecoin in crypto markets.

I have read some news about the possibility of USDT being banned in the US, but it is still just a bill and has not been officially passed. At the same time, even if it is passed, Tether will still have time to meet the audit requirements if the top auditing firms are more open to crypto.

In addition, because Tether holds a lot of US Treasury bonds and is part of the strategy to increase the popularity of the USD globally, I believe USDT will still be OK in the US for the time being. If USDT is actually banned in the US, I believe we will go straight into a crypto winter @@

• USDT will be banned in the United States, will USDC rise?

[target]

It is already banned in United States and EU, but you can think whatever you want.
Only way is if they shut down Tether and rebrand it with totally different name, with fresh start and they have to be fully regulated.
Or they go underground and lose top position as most used stablecoin in crypto markets.

I have read some news about the possibility of USDT being banned in the US, but it is still just a bill and has not been officially passed. At the same time, even if it is passed, Tether will still have time to meet the audit requirements if the top auditing firms are more open to crypto.

In addition, because Tether holds a lot of US Treasury bonds and is part of the strategy to increase the popularity of the USD globally, I believe USDT will still be OK in the US for the time being. If USDT is actually banned in the US, I believe we will go straight into a crypto winter @@

• USDT will be banned in the United States, will USDC rise?
  

USDT going to be banned, is this really possible when the Tether company can just work with the US government. They violated laws since but they were still operating, there wasn't even auditing to this stablecoin which there should have form the start.

They gave Tether no penalty to what they did and I think Coinbase also have this advantage which the US government give them the permission. USD stablecoin is future to digital adoption.

[dkbit98]

USD stablecoin is future to digital adoption.

USD stablecoin is future of slavery.
It would be idiotic and stupid if people accept any kind of mandatory digital USD or any other kind of fiat currency, especially if they cancel cash.
I am sure they would add drastic restrictions and make it easier to cancel anyone who speaks against governments and rulers who control them.

[MrSpasybo]

USDT going to be banned, is this really possible when the Tether company can just work with the US government. They violated laws since but they were still operating, there wasn't even auditing to this stablecoin which there should have form the start.

They gave Tether no penalty to what they did and I think Coinbase also have this advantage which the US government give them the permission. USD stablecoin is future to digital adoption.

Tether will find it difficult to survive if it leaves the US. They are holding a large amount of US Treasury bonds and are earning huge profits from them, so they will try to comply with regulations. We have heard many accusations against Tether but no one has been able to prove that Tether is guilty. USDT is also a channel for the US government to attract global capital into Treasury bonds, so they love USDT very much. The US government has no reason to eliminate USDT or ban Tether.

I also believe that USDT will soon become popular globally as a fast, convenient, and cheaper payment channel than traditional channels. USDT has been involved in larger transactions such as buying and selling oil and real estate in the Middle East, which are the first steps of Tether into traditional finance to take advantage of blockchain power.

[target]

USD stablecoin is future to digital adoption.

USD stablecoin is future of slavery.
It would be idiotic and stupid if people accept any kind of mandatory digital USD or any other kind of fiat currency, especially if they cancel cash.
I am sure they would add drastic restrictions and make it easier to cancel anyone who speaks against governments and rulers who control them.

If back then US can make countries not able to use USD. In the future, Tether will also be able to control everyone such as freezing accounts. And this could be the reason why the US government didn't even try auditing this company because it cooperates with the government. I once watched the PlanB youtube video in which they are saying these stablecoins are actually the CBCD of the future and this is part of the plan.

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.

[dkbit98]

Does anyone know if any wallet started supporting USDT on Lightning Network or if they are planning to do that?
I am not hearing any news about this topic, maybe because people are not so much interested in this.
I recently heard people lost Bitcoin on Lightning Network just because they didn't update to latest version... bitcoin LN wallet older than one month, and you can lose your coins...
Decentralized LN my ass