Bitfinex is looking to launch Tether on the Lightning Network by the end of the year, and an exec says its ‘one of the coolest things’ they’ve ever done

As the stablecoin wars continue to heat up, Bitfinex is looking to bring USDT to more blockchains, announcing earlier today that it will launch its stablecoin on EOS's blockchain. Currently, Tether is issued on the Omni Layer, Ethereum, and TRON. In the next couple of weeks, the company is also planning to issue USDT on Blockstream's federated sidechain Liquid.

But chief technology officer Paolo Ardoino told The Block that the firm has ambitions to bring the stablecoin to other blockchains, saying that it will launch the coin on Lightning Network sometime this year. As part of those efforts, Bitfinex has joined a group of developers and companies called RGB, which is working to put more assets on the Lightning Network.

Original source
https://www.theblockcrypto.com/2019/05/31/bitfinex-is-looking-to-launch-tether-on-the-lightning-network-by-the-end-of-the-year-and-an-exec-says-its-one-of-the-coolest-things-theyve-ever-done/?utm_source=rss&utm_medium=rss&utm_campaign=default

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