In the past, Tether (USDT) has been operating on Bitcoin’s Omni Layer, but it now seems like the stablecoin is expanding to other blockchain protocols. According to an announcement made on July 29, Tether has begun running on BlockStream’s Liquid Network, which is a Bitcoin sidechain blockchain.
Tether is on the Liquid NetworkThe addition of the stablecoin to Liquid Network’s sidechain was unveiled in October last year, and it aimed to provide traders and firms extra features that were not available through the original Tether platform. Traders will have access to Liquid-based Tether (Liquid USDT), ...
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