Our initial USDT on @Bitcoin launch will focus mainly on institutions When moving large amounts, you don’t want others seeing your wallet activity and front-running you We’re seeing huge demand for institutional minting, redemption and money movement. Retail launch will be announced later
@LuganoPlanB has always been special to me, and this year I have one more reason to be excited about it. After months of talking about bringing USDT back to Bitcoin, I finally get to demonstrate it live on stage. Can't wait to be back in Lugano!
I don’t need to beat @trondao and @ethereum at everything to bring USDT back to @Bitcoin We’re already seeing huge institutional demand for privacy, and native BTC lending is another massive opportunity I’d rather focus on these use cases first than try to compete across every part of the market at once
@Bitcoin is already late to the stablecoin market. But that’s why I’m here. I know how to sell specific use cases that can bring part of the USDT market from @trondao and @ethereum back to Bitcoin.
Stablecoins have a lot more in common with 15th-century banking than most people think. In 1407, Genoa established Casa di San Giorgio. By 1408, it was operating as a public bank and became one of the institutions that shaped modern banking. European merchants were already using bills of exchange and other forms of cashless settlement. San Giorgio brought deposits, transfers, and lending together under one public institution. Customers could hold money in accounts and pay each other by transferring balances. The bank recorded those transfers in its ledgers instead of physically moving coins for every payment. More than 600 years later, @tether is applying a similar principle to the dollar. Stablecoins are a product of the crypto industry, but the financial concept behind USDT goes back centuries. Tether didn’t invent the dollar. It made dollar-denominated value transferable across blockchain networks, without requiring a traditional bank transfer for every transaction. San Giorgio and Tether obviously operate under very different models. One was a public bank handling deposits and account transfers. The other issues digital tokens backed by reserves. But both address the same fundamental problem: how to transfer monetary value without physically moving the assets behind it every time. There’s a historical connection here that makes the comparison even more interesting. San Giorgio was founded in Genoa, in the Italian region of Liguria. @paoloardoino grew up in that same region and graduated from the University of Genoa. Six centuries ago, Genoa was one of Europe’s major centers of financial innovation. Today, Paolo leads Tether, which is building a new way for dollar-denominated value to move globally. Tether isn’t breaking with banking history. It’s taking a centuries-old financial idea and making it work on modern infrastructure.
"Ultimately, our goal remains the same: to make Bitcoin and its growing ecosystem of assets easier to access, use, and build upon." Couldn't have said that better. This is the type of partners you need when you have ambitious goals. Let's do it, @lorenzonical!
Why USDT on Bitcoin is important Great overview from @lorenzonical
Great to have you on board as USDT launch partner on Bitcoin network @unisat_wallet
Bitcoin maxis call me a useful shitcoiner I’ve built companies and projects on @ethereum, @solana, @cosmos, @Polkadot and other shitcoin chains But I genuinely believe Bitcoin with RGB and Lightning are better than Ethereum or Solana for crypto’s biggest use case: payments To understand it better, you need to dive into Satoshi’s whitepaper, to understand why he called Bitcoin “peer-to-peer cash”, not “peer-to-peer money”, but “cash”, as well as how account-based chains are different from UTXO-based chains. @adam3us had a great X post recently about it btw That’s why I went all in on Bitcoin, RGB & Lightning
A hardware wallet doesn’t need to be your everyday Lightning wallet. I’ve been to Ledger’s offices in Paris many times, both the old one near the Opéra and the new one in Le Marais. This was my first visit to their New York office on Union Square. I met with @menzel_clayton, Ledger’s Foundations Business Development Director. We’ve spent months discussing Bitcoin RGB and Lightning support. Our conclusion: Lightning for frequent payments makes more sense in software wallets. @Ledger is where users should be able to hold their USDT on @Bitcoin securely. We finalized the objectives for our agreement around integration of USDT on Bitcoin into Ledger through @utexocom. We also discussed what users could do with those balances inside Ledger, including Bitcoin backed loans and USDT Mint on Demand directly from the interface. The ability to mint USDT on demand could be especially useful for Ledger’s institutional clients. What do you think about minting USDT on demand?
