Tether to Launch USDT in Blockstream's Liquid Network

Thanks to this, ecosystem participants will be able to make fast and secure payments using Confidential Transactions technology
30 July 2019   555

A leading supplier of Bitcoin and Blockchain solutions, the company Blockstream and Tether have launched USDT in the Liquid Network.

The Blockstream blog says that thanks to this step, ecosystem participants will be able to make fast and secure payments using Confidential Transactions technology, which is oriented towards increased privacy, as well as multi-signature functions. In addition, investors and traders will be able to carry out atomic swaps between Liquid BTC and Stablecoin, and will also be able to replenish their exchange USDT wallets more quickly.

The input and output of Liquid USDt is already available on the Bitfinex exchange. Support for other trading platforms, including BTSE, BTCTrader / BtcTurk, OKEx, OKCoin, RenrenBit and Sideshift AI, will appear soon.

According to the developers, Blockstream Green wallet is suitable for storing Liquid USDt. They also promise to soon add support for the new asset to Trezor hardware wallets.

Tether’s launch on Liquid coincides nicely with the recent surge of interest in the Liquid Swap Tool. The Liquid Swap Tool is an open source application that allows traders to execute atomic swaps with their counterparties, exchanging any Liquid-based asset for another.
 

Samson Mow

Blockstream team

In the future, Blockstream and Tether plan to launch USDT tokens on the second-tier Lightning Network.

Liquid is a federated sidecoin of Bitcoin, functioning as a settlement and payment network for cryptocurrency exchanges, market makers, brokers and other financial institutions.

Atomic swaps are the operations of exchanging one cryptocurrency for another, which can be implemented instantly without having to rely on a trustworthy third party represented by the exchange or exchange platform. As a result, control over the transaction is carried out exclusively by the parties involved in it.

Tether to Perform $300M Worth Chain Swap

300M USDt was moved from the Omni to the ERC-20 blockchain; now the share of stablecoins based on Ethereum exceeded the share of coins based on Omni
30 October 2019   348

Tether transferred 300 million USDT tokens from the Omni blockchain to the Ethereum standard ERC-20.

The tweet also says that the token migration was carried out with the participation of an unnamed third party. At the same time, the company assured that the aggregate supply of USDT will not increase as a result of the operation.

Almost together with the statement of the largest issuer of stablecoins, the Whale Alert Twitter account recorded the corresponding operations.

After that, the share of stablecoins based on Ethereum (44%) exceeded the share of coins based on Omni (39%):

USDT
USDT

To date, the proportion of TRC20 standard coins is 18%. Tether also released some “stable coins” based on EOS and in the Liquid sidechain.