{"id":16027,"date":"2019-07-30T00:00:00","date_gmt":"2019-07-30T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/tether-usdt-launches-on-bitcoin-sidechain-liquid-enabling-further-atomic-swaps\/"},"modified":"2019-07-30T00:00:00","modified_gmt":"2019-07-30T00:00:00","slug":"tether-usdt-launches-on-bitcoin-sidechain-liquid-enabling-further-atomic-swaps","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/tether-usdt-launches-on-bitcoin-sidechain-liquid-enabling-further-atomic-swaps\/","title":{"rendered":"Tether [USDT] Launches on Bitcoin Sidechain Liquid Enabling Further Atomic Swaps"},"content":{"rendered":"
Tether<\/a> <\/strong>the leading cryptocurrency stablecoin pegged to the US dollar currency has found its way to the Bitcoin scalability Sidechain Liquid<\/a> <\/strong>by Blockstream<\/strong>.<\/p>\n The development was revealed in a press release published by Blockstream on Monday, July 29th starting that,<\/p>\n \u201cThe Liquid sidechain represents a major upgrade over Tether\u2019s original platform, the Omni Layer, offering faster settlements, Confidential Transactions, and sophisticated multi-sig security.\u201d<\/em><\/p>\n With the launch on the Liquid network, Tether is now available across five major blockchains including EOS, Ethereum, Tron and the original Bitcoin-based Omni Layer.<\/p>\n The latest launch increases Tether\u2019s liquidity and availability across several blockchain networks with the aim of offering stability to the often unstable cryptocurrency assets. According to the press release, Tether\u2019s Liquid asset will be available for atomic swaps against the Bitcoin Liquid variant L-BTC, both of which will be supported on the Blockstream cold wallet Green Wallet. In addition, both of these assets will be supported on the Bitfinex exchange, a sister company to Tether, both of which share a common parent company.<\/p>\n According to Tether CTO Paolo Ardoino<\/strong>,<\/p>\n \u201cIt has been a natural decision to deploy Tether on the Liquid Network given the fantastic work that the Blockstream team is achieving.\u201d <\/em>He also said that \u201cIssuing stablecoins and various other digital assets under one blockchain platform makes a lot of sense and greatly improves industry efficiency whilst allowing traders to manage all their assets from a single wallet application.\u201d<\/em><\/p>\n