You can also find out more about the following: news Diverse reactions to the USDT (Tether), coming via Taproot Assets for Bitcoin and Lightning have been heard.
Some think that it is good news for Bitcoin. I believe this because of a survey I ran on X. I’m aware the sample size wasn’t big enough to get meaningful results. I AM SHARING THIS ANYWAY) while others aren’t as enthusiastic about it.
The Tether (USDT), on Bitcoin and Lightning, is:
After voting, please share the reasons why you voted and RT.
— Frank Corva (@frankcorva) February 13, 2025
“Others” includes me — I’m not so enthused about it.
I have tried to remain open-minded.
Recently, I have profiled Jesse Shrader, the co-founder and CEO of AmbossIn an effort to find out what benefits I may be missing, I reached out to a company called, which provides payment infrastructure that is intelligent for Lightning payments. This firm supports USDT, and has been a supporter of USDT over Lightning and Bitcoin.
In the interview I conducted with Shrader he mentioned:
- USDT is a global currency that’s in high demand.
- 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 sent over Lightning.
- USDT brings more liquidity to Lightning Network. This will allow the network to grow.
The above reasons are hard to dispute from a business standpoint. As someone who thinks people should have the freedom to spend their money however they choose, it’s hard for me to argue against them.
The USDT is not free.
The price has two dimensions: one is technical and the other philosophical.
Running USDT on top of Bitcoin and Lightning can put Bitcoin’s security in danger.
We may see another Bitcoin Hard Fork similar to what we experienced during the Blocksize WarLarger economic nodes The Bitcoin network may be supported by the Bitcoin ETFs. This is because the Bitcoin Network, such as the Coinbase one, manages a large portion of bitcoins that are used to back the U.S. bitcoin spot ETFs. “Tether fork” This could include changes that would compromise the security of Bitcoin in the future.
Other words, it would be a good sign if major Bitcoin players like Coinbase, Tether or other large companies in the space supported and pushed for the “Tether fork,” It is likely that other economic hubs will soon follow.
The USDT remaining on the non-fork chain is likely to be supported by everyone who uses USDT.”Tether fork” The nullification of the law is likely to occur.
Lyn Alden wrote in “Proof-Of-Stake And Stablecoins: A Blockchain Centralization Dilemma.”
The author stated that “custodians can nullify the value of all stablecoins on whichever side of the fork they don’t view as the correct one.”
Alden wrote that stablecoins were a big part of smart contract blockchains such as Ethereum and Solana, both of which rely on DeFi. However, the same could be said for Bitcoin. Alden is correct. We saw this happen when Ethereum shifted to a Proof of Stake consensus system during “2022”.The Merge.”
Circle and Tether, which are stablecoin issuers, only continue to use the old chain EthereumPoW that ran the Proof of Work algorithm.
In the case of a Bitcoin chain split, tether could have a disproportionate amount of control over Bitcoin.
Another reason why I do not like USDT is because it’s a philosophical issue.
Bitcoins, released to the public in response to the Bitcoin crisis. Great Financial Crisis of 2007-2009The U.S. Dollar was replaced by the.
At that time, dollars were being printed en masse The same banks responsible for the crisis will be bailed out with devalued currency.
Bitcoin was not created to boost the U.S. currency, but to be able to compete.
Bringing USDT, a mechanism the U.S. government uses to prop up U.S. dollar hegemony around the world, to Bitcoin feels morally wrong to me — and I’m not here for it.
In a practical sense, I can see the reasons why many people support USDT for Lightning and Bitcoin. Many people are not seeing the big picture. Bitcoin is now in a potentially vulnerable position, and part of its original value proposition has been overshadowed.
The article below is an overview of the topic. Take. Opinions are those of the individual author and may not reflect BTC Inc.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: bitcoinmagazine.com
