NEWSLETTER
He <a target="_blank" href="https://www.forbes.com/sites/digital-assets/2025/02/01/tether-to-introduce-usdt-to-bitcoin-and-the-lightning-network/”>news of USDT (Tether) to reach bitcoin and Lightning through Taproot assets, several reactions have been met.
Some believe that it is good for bitcoin (mostly, in reality, based on a small survey that I did in x; yes, I know that the sample size is not large enough for the results to be significant. Anyway , I share it), while others are not so excited about that.
<blockquote class="twitter-tweet”>
Tether (USDT) in bitcoin and Lightning is:
(Please share why in the comments and please RT after voting).
– Frank Corva (@frankcorva) <a target="_blank" href="https://twitter.com/frankcorva/status/1890187449328103847?ref_src=twsrc%5Etfw”>February 13, 2025
“Others” include me, I'm not so excited about that.
That said, I have tried to be openly.
Even recently I profiled Jesse Shrader, co -founder and CEO of boths, a company that provides an intelligent payment infrastructure for payments made on Lightning, who is a USDT defender in bitcoin and Lightning, in efforts to see what I lack about the benefits to be able to make transactions with digital US dollars over lightning.
In my interview with Shrader, he made the following points:
- The proliferation of USDT has shown that there is a demand for US dollars worldwide.
- USDT is a massive payment mechanism; He prosecuted more than $ 10 billion in payments in 2024, more than Mastercard, and now some percentage of these payments will be made for lightning
- USDT will bring more liquidity to the Lightning Network, which will help the network to grow and manage greater payments
From a commercial perspective, it is difficult to argue that the above is not good reasons to take the USDT to the ray. And, as someone who believes that people should be free to use the money they want, I cannot argue with them when looking at them through a practical lens.
However, I think bringing USDT to bitcoin and Lightning is priced.
One dimension of that price is technical, while the other is philosophical.
At the technical level, the execution of the USDT on bitcoin and Lightning potentially puts bitcoin's security at risk.
If we see another hard bifurcation of bitcoin comparable to what we saw during the block of block size, bigger <a target="_blank" href="https://bitbox.swiss/blog/we-need-bitcoin-full-nodes-economic-ones/”>economic nodes In the bitcoin Network, such as the one operated by Coinbase, which manages much of the bitcoin that supports the ETOs of the US bitcoin Spot. UU., You can choose to admit the “bifurcation tied” of the network, which could also include other changes In the network that could endanger the long -term bitcoin security.
In other words, if the tastes of Coinbase, Tether and some other important players in the bitcoin Support space and push the “Hardar Tether”, it is likely that other important economic nodes can follow their example.
In addition, everyone who uses USDT in bitcoin and Lightning would probably support that side of bifurcation, because the USDT that remains in the bifurcation chain without “Tether” will probably be annulled.
Lyn Alden wrote about this in his essay “Skind and Stablecoins test: a blockchain centralization dilemma. ”
In the piece, she declared that “the custodians can cancel the value of all the stable on any side of the fork that they do not consider as correct.”
According to Alden, he referred to intelligent contracts such as ethereum and Solana that depend largely on Defi, on which Stablecoins are an important component, when he wrote this, but the same would apply to bitcoin. (Alden was right in this statement, as we saw when ethereum changed a test of testing test mechanism for 2022 “<a target="_blank" href="https://ethereum.org/en/roadmap/merge/”>The fusion. “
After the merger, the stablecoins emitters such as Circle and Tether only continued to support the US dollars tokenized in ethereum, and not Ethereumpow (Ethw), the oldest chain that continued to execute the algorithm of work test consensus).
The same type of scenario could be developed with bitcoin in case of a chain division, which gives Tether an excessive amount of power over bitcoin.
My other reason not to like the USDT in bitcoin is philosophical.
bitcoin, who was launched into the world following Great financial crisis of 2007-2009It was created as an alternative to the US dollar.
At that time, the dollar was printing A lot (that is, devalued) to rescue the same banks that caused the crisis.
bitcoin, money that cannot be printed to the whim of a government or central bank, was created to compete with the US dollar, not to help boost it.
Bring USDT, a mechanism that the United States government uses to underpin hegemony in US dollars worldwide, bitcoin feels morally wrong for me, and I am not here for that.
Then, at a practical level, I understand why some are in favor of the USDT reaching bitcoin and Lightning. I only think that many lack the biggest image in which bitcoin has become a vulnerable position and has had part of his eclipsed value proposal (although perhaps only temporarily) as a result.
This article is a Carry. The opinions expressed are completely from the author and do not necessarily reflect those of btc INC or bitcoin magazine.
<script async src="https://platform.twitter.com/widgets.js” charset=”utf-8″>
