USDT is coming to Lightning ⚡️ — bringing a range of risks and opportunities to the global bitcoin economy on an unprecedented scale.

nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcpr3mhxue69uhkummnw3ez6ur4vgh8xetdd9ek7mpwv3jhvtcqyryngphdstprzqvu78vkwqygfl0d78matge05d5tzzexpnrfrr62zjtkjyr breaks down the good, the bad, and the unknown of USDT’s arrival on Lightning for nostr:nprofile1qyxhwumn8ghj7cnjvghxjme0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqypvlhmnnd80hwy7mh75mhkcgjtrzaw5jjgexzhr07fu8mguyedms7ydwvc3 👇

https://bitcoinmagazine.com/technical/usdt-on-lightning-the-good-the-bad-and-the-unknown

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USD sucks. That’s why we bitcoin

Cool cool but that stuff's not going on my node.

What is USDT?

A privately run ledger denominated in US dollars and backed by US treasuries…the central ledger owner keeps the interest and guarantees redeem-ability of the site k 1:1 for US bank dollars and users get to use the digital tokenized dollars without interest. They’re earning the interest on $160B with this company.

Eventually someone will come up with a treasury token redeemable for treasury debt immediately or dollars with delay of 1 week, month, year, etc