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.
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/
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.
No replies yet.