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USDT Pilot Brings Tokens to Bitcoin’s Lightning

Bitcoin firm Synonym despatched the first USDT stablecoin transaction on the Lightning Network earlier this week to display how Bitcoin and Lightning may very well be leveraged for affordable and fast issuance and switch of tokens and credit score.

While Bitcoin offers a decentralized and immutable financial community and Lightning permits the scaling of that system with a cost protocol, Synonym argues tokens may deliver additional innovation to the ecosystem as they enable the issuance of personal credit score and status on high of the sturdy two layers. At the identical time, tokens can profit from Lightning’s low-fee and immediate transactions for a greater person expertise.


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