Stablecoins are coming to the lightning network, that's the way in. By this time next year the amount of stablecoin volume on the lightning network (mainly USDT) will be pretty crazy, wait and see.
Discussion
Most people aren't using stable coins
Are you kidding? The volume of small retail transactions in USDT makes the volume in Bitcoin Sats look teeny tiny. Like a fraction of a percent. And getting a hold of USDT (or regional stablecoins) is far FAR easier.
You think most people in the world are using stablecoins?
Course not, but it's in the ream of "realistic ask" now. Whereas Bitcoin Sats, no way.
Neither are realistic
One is several orders of magnitude more realistic than the other. Whether that's enough to be realistic overall is an open question, but you can't ignore the discrepancy there.
Most people would be totally turned off by either option. Not only that but it would also give bitchat a reputation for only being for crypto people, much like farcaster.
Have you used bitchat?
Nah, you have to be into crypto to pay for it.
That's how that conversation goes lol.
Maybe in parts of Europe or where have you. But out here in Asia, it's not like that at all. If you look at how the superapps like Line and Kakao are integrating stablecoins, it becomes part of the superapp ecosystem, no "crypto thing" vibes, just US dollars or Japanese Yen that are somehow "digital".
https://www.ccn.com/news/crypto/tether-line-usdt-payments-messaging/
delusional.
stablecoins on bitcoin: flop
stablecoins on liquid: flop
stablecoins on lightning: flop
It’s over. nobody wants to do stablecoins on a bitcoin thing. give up. stablecoins are le bad anyway. nobody will think you have sour grapes.
You seem to have no idea what is actually happening on the LN right now. Native (taproot) stablecoin volume on lightning by this time next year will far surpass bitcoin volume.
Tether integration was announced at the start of the year. The prep work is about 2/3 done. When things are stable there is at least 5% of the over 11 trillion annual USDT volume ready to move over to LN, no pushing needed (Tron is already cracking under the weight, USDT needs a network that can handle the weight, of those networks out there it’s only the LN that really can ).
If even 1% of that volume moves over early next year, that’s already more than total Bitcoin transaction volume on LN. But it won’t be 1%, it’ll be more. Basically LN will become a primarily USDT network. If you look at voltage.cloud’s new site, you’ll see a big mention of stablecoins, and that’s why. If you’re in the LN business you know that’s where your future customers are going to come from.
tether used to be an omni token. it doesn't mean shit if they add another bitcoin adjacent network. nobody will want it. there was never any demand at all for stablecoins outside of EVM networks and solana.