Tether, Lightning Labs Announce USDT on Lightning Network

Paolo Ardoino, CEO of Tether, and Elizabeth Stark, CEO of Lightning Labs, made the announcement during their fireside chat at the first-ever Plan ₿ Forum in El Salvador.

https://www.nobsbitcoin.com/tether-lightning-labs-announce-usdt-on-lightning-network/

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Discussion

Stable channels are a Bitcoin acquisition strategy for them. As the price of bitcoin rises the sats flow in one direction.

If the world adopts USDT on lightning and the Fed/tether flood the market with dollars then tether soaks up all that bitcoin.