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Tether Sent Using The Lightning Network

The under is a direct excerpt of Marty’s Bent Issue #1183: “Tether has been sent via the Lightning Network” Sign up for the newsletter here.

Above is a video demonstration of the primary ever Tether transaction over the Lightning Network executed by Corey Phillips from Synonym.

For these of you who are unaware, Tether is a US Dollar stablecoin that lives exterior of the incumbent monetary system and is moved over cryptocurrency networks. Tether is centralized because it managed by an organization that retains a reserve of USD and different belongings (together with bitcoin) that are reported to again every Tether one-to-one with a USD equal. The US authorities has been coming after Tether for years as they have efficiently operated exterior the normal system whereas serving customers all over the world. All of this is to say that I might not advocate holding Tether except it is completely needed to make a transaction.


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