As of today, 29 July, 2019, the Bitcoin secondary network now supports USDT as one of its Liquid Assets. These assets, the tokens that power the Liquid network, hold a one-to-one parity with on-chain assets like BTC, according to a piece we sourced in Bitcoinmagazine attributed to Mr Colin Harper. So it is clear that now, the predominant stablecoin, tether, now has a new home on Blockstream`s Liquid sidechain. Launched in 2018, Blockstream Liquid sidechain has been billed as a federated secondary network for quick and cheap high-value transfers of bitcoin, especially from exchange to exchange. This system works well: To peg their on-chain BTC to L-BTC, users can facilitate a swap through one of the network members of Liquid, who host the nodes that keep the network alive and mint new Liquid assets. 2019 has been a year of growth for the Blockstream project.
Note that we have placed some new research pieces by Tom Lee and his team on our platform.
Our Views: We have written a series of pieces and produces audiovisual presentations that underscore the key changes in 2018 and 2019 when most people took their eyes off this ecosystem (mostly in 2018) but the amount of new infrastructure and platforms designed and constructed by large institutions was shockingly high, which again in our humble view, builds long-term trust in the system and long-term legitimate strength with names like Nomura, Citibank, Northern Trust and other major institutions that collectively lend support to the future of stablecoins and other assets.