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So it's official #USDT has come back to Bitcoin, after OMNI we've come full circle and now they're launching on Taproot assets this time! Wonder how this will affect LN, how does Tether Freeze stolen USDT/Blacklist tokens? Will nodes have to KYC or become money transmitters?

Can I opt out of routing USDT packets or won't I even know?

https://tether.io/news/tether-brings-usdt-to-bitcoins-lightning-network-ushering-in-a-new-era-of-unstoppable-technology/

code monkey 11mo ago

This is better than having #USDT on shitchains methinks. I'll have to read more before I have a strong opinion either way.

Stablecoin demand in hyperinflationary countries is higher than bitcoin demand, so having stables on the btc network does make sense.

But I gotta read the technicals before forming an opinion.

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Discussion

TheBitcoinManual 11mo ago

USDT is also on Liquid and it's a ghost town and there's some Dollar on chain on Rootstock, not sure how many people are using that. A lot of that stablecoin action on shitcoin chains is just for trading and speculation

I can see remittance and P2P trading that might be use cases for it, maybe some eCommerce, but how big that market will be on LN is anyones guess!