{"id":19668,"date":"2019-07-29T15:42:54","date_gmt":"2019-07-29T15:42:54","guid":{"rendered":"http:\/\/ci027cfe7ab00026c3"},"modified":"2025-01-27T21:38:13","modified_gmt":"2025-01-27T21:38:13","slug":"liquid-launches-support-for-tether","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/technical\/liquid-launches-support-for-tether","title":{"rendered":"Liquid Launches Support for Tether"},"content":{"rendered":"
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The cryptocurrency industry\u2019s predominant stablecoin, tether, now has a new home on Blockstream\u2019s Liquid sidechain.<\/p>\n

As of today, July 29, 2019, the Bitcoin secondary network now supports USDT as one of its Liquid assets. These assets, the tokens that power the Liquid network, hold a one-to-one parity with on-chain assets like BTC. Liquid USDT will now join L-BTC as the second asset to be available on the network.<\/p>\n

Launched in 2018<\/a>, Blockstream\u2019s Liquid sidechain has been billed as a federated secondary network for quick and cheap high-value transfers of bitcoin, especially from exchange to exchange. To peg their on-chain BTC to L-BTC, users can facilitate a swap through one of the network\u2019s Liquid members, who host the nodes that keep the network alive and mint new Liquid assets.<\/p>\n

2019 has been a year of growth for Blockstream\u2019s project. Back in May<\/a>, it unveiled its Liquid Securities platform, which paved the way for launching security tokens on the network. Not too long after, the team integrated support for atomic swaps<\/a> as well as the Lightning Network.<\/a><\/p>\n

Deposits and trading for Liquid USDT will be available on Bitfinex beginning today, and \u201ca number of other Liquid members are working on enabling Liquid USDt, including BTSE, BTCTrader\/BtcTurk, OKEx, OKCoin, RenrenBit, and Sideshift AI,\u201d according to a press release.<\/p>\n

\u201cThe addition of Tether is a major milestone in increasing the utility of the Liquid Network,” said Samson Mow, CSO at Blockstream, per the release. “In combination with the latest developments in the Liquid ecosystem, traders can now achieve some really cool things, such as OTC atomic swaps, super-fast arbitrage between exchanges, and easy Tether custody with Blockstream Green.” <\/p>\n

The Liquid team anticipates that Lightning Network support for Liquid USDT isn\u2019t too far off, something it believes will only improve low-latency liquidity for the community\u2019s traders. Liquid USDT will also be available for self-custody in Blockstream\u2019s multi-signature Green Wallet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blockstream\u2019s sidechain now supports the stablecoin tether as one of its Liquid assets.<\/p>\n","protected":false},"author":2566,"featured_media":17628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[287,151,396,804,811,926],"class_list":{"0":"post-19668","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technical","8":"tag-blockstream","9":"tag-liquid","10":"tag-sidechains","11":"tag-stablecoins","12":"tag-tether","13":"tag-usdt"},"author_data":{"id":2566,"name":"Colin Harper","nicename":"colin-harper","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/blockstream-liquid-now-supports-tether.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/19668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2566"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=19668"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/19668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/17628"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=19668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=19668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=19668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}