My interpretation of USDT over lighthing news, correct me if I’m wrong in my logic:
Pros:
- Cheaper fees for USDT transfers. People who rely on USDT benefit.
- More value brought onto the lightning network
- Ultimately more value and liquidity ochain as it’s easier to move on the same blockchain over different ones
- LESS value for the other shitcoin chains. Now that they dont’ facilitate USDT, what’s the point of them?
- Better privacy over wide open chains.
- Off-chain - no need to wait at all if there were any wait times to begin with (I don’t know because I don’t use it).
Cons:
- Has USDT verified reserves? If not, this is a liability
- Potential for increased regulatory scrutiny and targetting
- More attention to lightning network enabled privacy if there is any
Net: probably a good thing - saying it cautiously.
Curious what you think?
