/biz/ - Business & Finance

>>20066722
At first I thought so too but then someone brought up a really good point. This shit is a fucking money launderers wet dream, an unstoppable decentralised anon exchange. When they add Raiden and it gets ETH it also means ERC20 which means USDT. China, Russia, Iran and any other country with sanctions and shit will fucking love this shit to cut out traceable banking. Already there is a huge amount of trade done between China and Russia using USDT and this will make it even easier for them. Everyone knows USDT is sketchy and wonders where all this money comes from that is pumped into it, well I don’t think it’s a stretch to assume a lot of it comes from shall we say shady individuals. They love it because it can cross borders quickly, easily and largely anonymously. So no I don’t really think $1B in daily volume is out of the question.

Oh also Tether said they were working on adding LN natively to USDT which if they do then it will basically be integrated into the DEX by default without going through Raiden.

https://www.coindesk.com/tether-usdt-russia-china-importers