Tether CEO Paolo Ardoino claims that Bitcoin Lightning’s USDT will continue to remain the best in its plans to integrate Stablecoin over the network.
Ardoino checks USDT availability Bitcoin The network as a return to natural habitat shares a brief history between the duo. Additionally, he highlighted why Bitcoin Lightning is best suited for large transactions in USDT, and emphasized more emphasis than other blockchains.
USDT will soon come to Bitcoin Lightning Network
in Interview Along with All Streets host Scott Melker, he confirmed that Tether Stablecoin will be available immediately on the Bitcoin network via the Layer 2 Lightning network. In particular, he mentioned the roots of USDT from the chain, saying that the Stablecoin issuer had built the protocol as Omni-Layer on the Bitcoin network.
However, publishers have expanded beyond the network and have stopped issuing USDT on OMNIdue to low demand, the first chain casting USDT. Nevertheless, Stablecoin will soon revert back to the Bitcoin network with repeated integrations.
Meanwhile, the statement follows the initial announcement of the collaboration on January 30th. Crypto Basics It has been reported Lightning Lab has announced a partnership with Tether to integrate USDT into a blockchain powered by Taproot Assets.
Ardoino highlights the benefits of Lightning over the other Layer 2
Aldoino It’s attracting attention That Bitcoin Lightning is the perfect place to carry out large transactions using USDT tokens. He cited reasons such as single-sharing status and limited network validators as major setbacks for other L2s compared to lightning.
For context, he said that transactions are difficult because some layer 2 networks, especially in Ethereum, have little or no validators on the chain. However, peer-to-peer Bitcoin Lightning uses nodes to process transactions and make them available immediately.
Additionally, Tether’s CEO highlighted the decentralized nature of Bitcoin lightning compared to other chains.
Because the network leverages payment channels to create on-chain and off-chain transactions, users of existing channels can remain anonymous, unlike the single-share state of Ethereum L2 where all validators can access all individual data on the blockchain.
Meanwhile, Mercer pointed out that all other innovations built on other chains are slowly returning to Bitcoin. This story can be seen in Cardano Emoogo collaboration To enable Bitcoin Network users to access Decentralized Finance (DEFI) and smart contract features via the Bos Grail Bridge.
