Finance News
By Dan Saada
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Tether (USDT) Hypothetical Wrong Doing
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Recently, Tether ($USDt) got listed on @BitBay, an Estonia licensed crypto-to-fiat exchange.
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Paolo Ardoino recently tweeted: “Unpopular opinion. L1 scalability is enough, no need for L2 because we can do 700.
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Further stated, “Bitcoin community has such a huge sense of respect for L1 that is devoting lot of resources to build L2 and side chains.
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“On a L2, he stated, you can create more complex and P2P-style kind of interactions, LN style for example (LN-BTC/RGB atomic swaps on LN channels for example).
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In response to Paolo’s views one of the community member stated, It's math. L2 is required to even approach scaling decentralized blockchain-based services anywhere near the…
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Maheen Hernandez, writer at The Currency Analytics opined: “Tether (USDT) is used to buy Cheap Bitcoin. This is something that the CNBC said in the past.
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Meanwhile someone from the USDT community approached Paolo asking for a funds recovery solution stating, “My good mate has mistakenly transferred Omni USDT to Bitmex platform…
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Very soon, they might have to start fund recovery services at Tether (USDT). It looks like there are so many recovery cases.
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Some of them in the past have blamed it for being used in cryptocurrency manipulation. Several rumors have blamed Tether for hypothetical wrong doing.
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Tether despite the historic controversies continues to be a successful example of stablecoin project. There is no transaction fees between two Tether Transactions.
The Currency Analytics
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