Tether Sent Using The Lightning Network


The listed below is a direct excerpt of Marty’s Bent Issue # 1183: “Tether has actually been sent out by means of the Lightning Network” Sign up for the newsletter here

Above is a video presentation of the very first Tether deal over the Lightning Network performed by Corey Phillips from Synonym.

For those of you who are uninformed, Tether is a United States Dollar stablecoin that lives beyond the incumbent monetary system and is moved over cryptocurrency networks. Tether is centralized as it managed by a business that keeps a reserve of USD and other properties (consisting of bitcoin) that are reported to back each Tether one-to-one with a USD equivalent. The United States federal government has actually been following Tether for many years as they have actually effectively run outside the standard system while serving users worldwide. All of this is to state that I would not advise holding Tether unless it’s definitely essential to make a deal.


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