Post
Topic
Board Exchanges
Merits 4 from 2 users
Re: eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20
by
mikeywith
on 15/12/2024, 23:38:49 UTC
⭐ Merited by hugeblack (2) ,pooya87 (2)
Regardless of which network, USDT has nothing to do with privacy.

What I meant is that someone who values their privacy and is going to use a service like eXch is unlikely going to interact with USDT regardless of which blockchain it sits on, so USDT on eXch is somehow very 'not-important' IMO, it's not worth the hassle to maintain it even on an existing blockchain like ETH, let alone run a whole new blockchain just for USDT.

People use Tether because its price is fixed which makes it suitable for when they want to exist the market when things get "weird".

I suppose the majority of those people use CEXs; they are faster and a lot cheaper. eXch is a whole different matter, where privacy holds an order of magnitude more value than cost. This means the use case of USDT on any DEX is very weak. I suppose anyone who wants to go from BTC/LTC/XMR to a stablecoin would rather use DAI.