On a quest towards improved blockchain interoperability, it is with great pleasure that we announce the support for Tether on Liquid Network.
Liquid Network is a blockchain network built to enable fast, private and secure transactions throughout the network. Operated by an open community of industry leaders, the Liquid Network strives to provide the seamless movement and issuance of digital assets to the benefit of the greater cryptocurrency trading space.
Liquid is a functioning implementation of a sidechain – a blockchain with different features and capabilities to the Bitcoin blockchain. The dedicated work of Blockstream to improve industry efficiency makes the deployment of Tether on Liquid a natural progression in the growth of Tether.
Utilising Liquid By Blockstream
By deploying Tether on Liquid, we take another step towards widespread network interoperability and collaboration.
“It has been a natural decision to deploy Tether on the Liquid Network given the fantastic work that the Blockstream team is achieving. Issuing stablecoins and various other digital assets under one blockchain platform makes a lot of sense and greatly improves industry efficiency whilst allowing traders to manage all their assets from a single wallet application.” Paolo Ardoino, Chief Technology Officer at Tether.
The benefits of deploying Tether on the Liquid Network include, amongst other things, instantaneous, secure and confidential transactions, thus providing the optimum transfer solution for professional traders working to avoid unconfirmed transactions and exchange front-running.
“The addition of Tether is a major milestone in increasing the utility of the Liquid Network,” said Samson Mow, CSO at Blockstream. “In combination with the latest developments in the Liquid ecosystem, traders can now achieve some really cool things, such as OTC atomic swaps, super-fast arbitrage between exchanges, and easy Tether custody with Blockstream Green.”
We are deeply excited to continue or work with Blockstream and to continue to improve upon our collaboration. To learn more about Blockstream and the Liquid Network, visit Blockstream.com/liquid
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