Tether Launches USDT Stablecoin on Liquid Network The stablecoin issuer Tether is launching its USDT token on Blockstream's Liquid Network, CoinDesk writes. Thanks to this, traders and other members of the ecosystem will gain access to new opportunities, the implementation of which was impossible on Tether's own platform.

Tether Launches USDT Stablecoin on Liquid Network

Stablecoin issuer Tether is launching its USDT token on Blockstream's Liquid Network, CoinDesk writes. Thanks to this, traders and other members of the ecosystem will gain access to new opportunities, the implementation of which was impossible on Tether's own platform..

Liquid Network acts as an additional layer above the bitcoin blockchain and allows transfers of large amounts at high speed. With the addition of USDT support, the network will be able to perform atomic swaps between Liquid BTC and stablecoin. In addition, traders will now be able to fund their USDT wallets faster on exchanges..

To store Liquid USDT, it is proposed to use the Blockstream Green wallet. It is also assumed that in the near future, asset support will be implemented in Trezor hardware wallets.

In addition, the developers expect Liquid Network-powered USDT to be used to make "instant and low-cost payments". The ability to deposit / withdraw USDT via Liquid Network will be implemented on the Bitfinex exchange.

At the end of May, Tether announced the launch of USDT on the EOS blockchain.

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