50 sats \ 0 replies \ @TheBTCManual 21 Oct 2023 \ on: Bitfinex's Ardoino expects 'quantum leap' in Bitcoin scaling solution adoption bitcoin
The new Eurodollar market in stablecoins keeps gaining traction around the world but man relying on basically USDT to hold the entire thing up just gives me a sinking feeling, while I don't use it myself I know it backs a lot of markets/trading pairs and many people use it to trade with and store value in it as a bank account on-chain
If USDT ever goes tits up man you can expect a blood bath like never before but I guess that's the risk the market is willing to take
USDT seems to be like a gateway drug to Bitcoin, a place for people who aren't yet convinced of a sat standard, bringing it onto LN will have its issues, reg capture etc but could also be a way to get liquidity into the network and hopefully more people into Bitcoin