Is Liquid Tether a Libra Alternative or a Headache?

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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. Liquid USDT Might Overshadow Libra 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. Liquid USDT offers a much faster settlement of transactions and multi-sig security. It could be used for payments worldwide. Blockstream CSO Samson Mow expressed his confidence that Liquid USDT could overshadow Facebook’s Libra. He told BlockTV in a recent interview: “With the deployment of Tether (USDT) on Liquid that…

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