The News of USDTTether( ) Coming soon Bitcoin You can also find out more about the following: Lightning We are able to provide you with the following information. Taproot Assets There are many reactions to the news.
Some believe it’s good for Bitcoin (most, actually, based on a small survey I conducted on X; yes, I know the sample size isn’t large enough for the results to be significant. I’M SHARING IT ANYWAY), while others aren’t so enthused about it.
“Others” includes me — I’m not so enthused about it.
That said, I’ve tried to be open-minded.
Recently, I have profiled Jesse ShraderThe co-founder of and CEO AmbossA company that offers intelligent payment infrastructures for online payments Lightning, who’s a proponent of USDT on Bitcoin You can also find out more about the following: LightningTo see if I was missing anything about the potential benefits of using U.S. digital dollars to conduct transactions over Lightning.
In Interview with ShraderHe made the following remarks:
- The proliferation of USDT has proven that there’s a demand for U.S. dollars globally
- USDT has a huge payment system. It processed more payments than MasterCard in 2024 (over $10 trillion), and a percentage of these payments will be done over the internet. Lightning
- USDT is expected to bring in more liquidity for the USDT. Lightning NetworkThis will allow the network to grow and accept larger transactions
From a business perspective, it’s hard to argue that the above aren’t good reasons to bring USDT to Lightning. And, as someone who believes that people should be free to use whatever money they want, I can't argue with them when looking at them through a practical lens.
HoweverUSDT should be brought to the United States. Bitcoin You can also find out more about the following: Lightning Price is a factor.
One One dimension of the price is technological, while another is philosophical.
On The technical level of running USDT Bitcoin You can also find out more about the following: Lightning Potentially puts Bitcoin’s security at risk.
If We see another Bitcoin Hard fork similar to what we have seen during the Blocksize WarLarger economic nodes are located on the Bitcoin A network like that operated by Coinbase, which manages much of the bitcoin that backs the U.S. spot bitcoin ETFs, may opt to support the “Tether fork” of the network, which could also include other changes to the network that could jeopardize Bitcoin’s security in the long run.
In In other words, the kind of Coinbase, Tether Other major players are also involved in the Bitcoin space support and push for the “Tether fork,” other major economic nodes will likely follow suit.
What Everyone using USDT can benefit from the following: Bitcoin You can also find out more about the following: Lightning would also likely support that side of the fork, because the USDT that remains on the chain of the non-”Tether fork” will likely be nullified.
Lyn Alden wrote about this in her essay “Proof-Of-Stake And Stablecoins” Blockchain Centralization Dilemma.”
In the piece she stated “custodians can nullify the value of all stablecoins on whichever side of the fork they don’t view as the correct one.”
Granted, Alden I was talking about smart contracts on blockchains, like Ethereum You can also find out more about the following: Solana She wrote that many stablecoins rely on DeFi. Bitcoin. (Alden This claim was true, and we can see this when Ethereum Shifted from a Proof-of-Work The following are some of the ways to get in touch with us: Proof-of-Stake consensus mechanism during 2022’s “The Merge.”
Post-MergeStablecoins are issued by companies like Circle You can also find out more about the following: Tether Only continued to support the tokenized U.S. dollar on EthereumNot only that, but EthereumPoW (ETHW), an older chain which continued to run the Proof-of-Work The consensus algorithm.
The Same type of scenario is possible with Bitcoin In the case of a split chain, give Tether The power of the state is excessive Bitcoin.
My Other reasons for USDT not liking Bitcoin This is an important philosophical question.
BitcoinThe. Great Financial Crisis The U.S. Dollar was replaced by the Euro in 2007-2009.
At At the time, the dollar (i.e. devalued), was printed in masse to bailout the same banks responsible for the crisis.
Bitcoin, money that can’t be printed at the whim of a government or central bank, was created to compete with the U.S. dollar, not to help buoy it.
Bringing USDT is the mechanism that the U.S. uses to support the U.S. Dollar hegemony throughout the world. Bitcoin feels morally wrong to me — and I’m not here for it.
SoOn a practical basis, I can see why some people are for USDT to come to Bitcoin You can also find out more about the following: Lightning. I think many people miss the big picture. Bitcoin As a result, the company has been placed in a potentially vulnerable position. A part of their value proposition has also become obscured.
This Article is an Take. Opinions expressed are entirely the authThe following are some examples of how to use's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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