Will USDT’s Return to Bitcoin Work? Tether and Lightning Labs Partner to Make This Happen!

Tether is finally integrating USDT, the flagship stablecoin into the Bitcoin ecosystem. It will be launched on Bitcoin’s base and the Lightning Network simultaneously. The move would seemingly increase Bitcoin’s market share, which is already a staggering $140 billion.  

A Seamless Move from Tether 

Last year Tether recorded $10 trillion worth of transactions. The figure was $1.9 billion if we talk of Bitcoin. What worked well for Tether is that the crypto mammoth already manages USDT for more than 10 blockchains.  

Some bug names on the list are Ethereum, Tron, Avalanche, and others. Most stablecoins including bitcoin work on such blockchains.  

Tether’s Projections Ahead  

Jan 30, Tether broke the news. Bitcoin’s biggest decentralization stablecoin vendor is all set up to achieve an unmatchable number of transactions, this year, going forward. But there’s a catch.  

Traders guessing how much effect this solo move will have must quick-check facts again. After Tether, other USDt expansions ensued. Other networks like Celo, Aptos, and The Open network also have the USDT upgrade now.  

How Will the Integration Work? 

The crypto community is gaping at how USDT will affect Bitcoin’s base layer. While experts are hopeful about this move. The integration has the backing of Taproot Assets, a network that facilitates seamless interactions between the stablecoins on Bitcoin and other assets in the network!  

The CEO Says- He Has a Plan! 

Tether CEO Paolo Ardonia calls this a thoughtful merger. According to him, Tether embarked on a better move of “creating practical solutions for remittances, payments and other financial applications that demand both speed and reliability.” 

What Drove the Merge? 

In 2023, there was almost zero demand for Tether’s stablecoins on Bitcoin Cash SLP and Omni, Kusama.  

Bitcoin created the stablecoin Omni in 2013. It was also Bitcoin’s first ever USDT. On this date, most Bitcoin tethers are issued on Ethereum, Tron, and similar blockchains. The transparency page of the world’s biggest crypto giant breaks this news.  

Moreover, USDT has the highest market share. So, we can unanimously say it is currently the largest stablecoin in the crypto market. Bitcoin’s database also unfolds that USDT controls 66% of the ongoing 212 USD-pinned stablecoin supply. So, there’s no wonder that USDT integration into Bitcoin’s base layer will only aggravate the control. 

USDT to Affect the Lightning Labs Too 

Lightning Labs CEO, Elizabeth Stark thinks USDT integration into the Lightning Labs, Bitcoin’s Lightning Network will create a new avenue for stablecoins.  

Stark, optimistic about this move, also feels that millions of new treaders will now connect with Bitcoin and leverage USDT’s benefits.  

Reinforcing Bitcoin Stablecoins 

Only 40 hours into the launch. The use cases for stablecoins have already expanded exponentially. People who are still worried about the overreliance of Bitcoin on Tether must get a grip. Tether’s market cap is 3x of the nearest competitor Circle.  

This integration with the Bitcoin ecosystem must strengthen USDT’s status; also strengthening Bitcoin’s flare!