There's no good reason for someone to use stablecoins, and stablecoins on Lightning are particularly retarded vs. a centralized SQL database which is all they're resolving to in the end anway...

but "decentralized" transmission for stablecoins is still not as retarded as the idiots in the linked youtube video. Two of the dumbest astroturf spook fake-bitcoiners around.

In case no ones noticed, there's no law in the US anymore... that means no war on "crypto" and or the capital controls that protect the status quo of fiat exchange rates. The framework these bozo's live in is over, time to wake up and smell the new framework.

The purpose of a thing is what it does. What Tether does, is maintain buy pressure for US treasuries while dollarizing the rest of the world... a necessary step in destroying all other fiats as hyperbitcoinization can only occur after hyperdollarization consolidates all fiat before the last slurp.

Tether is the sly roundabout model for the Bitcoin backed US dollar. As the demand for tethers increase with dollarization, they buy and export US treasuries. The "yield" from which is kept in Bitcoin on their balance sheet and re-collateralized to prevent deflationary collapse of the dollar as the infinite debt of the fiat system is repaid.

We've avoided CBDC's with the trade-off of a Bitcoin backed dollar to foam the runway for the legacy financial system.

EDIT: Checking in on all the half-wits that weren't suspicious about all the shady ECash project funding, Tether is just the first neo-bank to do this, it won't be the last.