Lunge, the company on the motivate of the Lunge Wallet, has launched USDT-L, the predominant iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Community (LN). The wrapped token, which takes supreme thing in regards to the “taproot resources” protocol no longer too long previously rolled out by Lightning Labs, seeks to lift all of the advantages of LN to stablecoin resources. In a weblog post, Lunge mentioned that it “goals to amplify the utility and adoption of both applied sciences, providing customers with a stable-price possibility for posthaste and low-price transactions.” Lunge also highlights the privacy advantages of the use of USDT-L over USDT in other L1 chains, along side that transactions occur off-chain, the routing of the funds is obfuscated, and there is limited data disclosure required for every transaction.
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