<a href="https://bitcoinworld.co.in/speed-launches-usdt-l-tethers-first-iteration-on-top-of-bitcoins-lightning-network/" title="Speed Launches USDT-L, Tether’s First Iteration on Top of Bitcoin’s Lightning Network" rel="noopener noreferrer nofollow"></a>
Speed, the company behind the Speed Wallet, <a href="https://www.tryspeed.com/blog/speed-wallet-introduces-usdt-on-lightning/" rel="noopener noreferrer nofollow">has</a> launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Network (LN).&nbsp;
The wrapped token, which takes advantage of the “taproot assets” protocol recently rolled out by Lightning Labs, seeks to bring all the benefits of LN to stablecoin assets.&nbsp;
In a blog post, Speed stated that it “aims to expand the utility and adoption of both technologies, providing users with a stable-value option for quick and low-cost transactions.”&nbsp;
Speed also highlights the privacy benefits of using USDT-L over USDT in other L1 chains, including that transactions happen off-chain, the routing of the payments is obfuscated, and there is limited information disclosure required for each transaction.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Speed Launches USDT-L, Tether’s First Iteration on Top of Bitcoin’s Lightning Network

ItsBitcoinWorld

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