LIQUID TETHER oR LIBRA (Tether’s (USDT) launch on the Liquid Network makes Libra obsolete even before it goes live, according to Samson Mow, chief strategy officer (CSO) at Blockstream.)

in #crypto • 5 years ago (edited)

At the end of July, Tether announced that it was launching on the Liquid Network sidechain, which was developed by Blockstream. Prior to that, the USD-backed stablecoin was residing on Bitcoin’s Omni Layer.

Bitfinex already accepts deposits and withdrawals of Liquid-based Tether, called Liquid USDT. Besides, the Liquid team is now working to develop support for the new USDT on many other crypto exchanges, including OKCoin, OKEx, and BTSE, among others.

ON THE OTHER HAND,
Facebook intends to develop a global stablecoin that would allow its WhatsApp and Messenger users to carry out cross-border transfers and buy goods Facebook even admitted that it doubts the launch, according to its latest financial report.

#libra #Blockstream #LIBRA
5 years ago in #crypto by
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