prochronist on Nostr: There's been some buzz around #stablecoins lately, given their increased usage in the ...

There's been some buzz around #stablecoins lately, given their increased usage in the Global South.

Using only your phone, here are two simple ways to get Tether USDt on Liquid—a Bitcoin L2 with multi-asset support and confidential transactions that is compatible with Lightning.

By using Liquid, you further hyperbitcoinization and the #Bitcoin ecosystem and avoid relying on inferior alts with backward incentives like #TRON or #Ethereum.

First, if you don't already hodl L-BTC, you'll need to either a) bridge BTC to L-BTC (aka peg-in) or b) use a swap tool like Boltz or SideShift to get some.

Both apps used in the video have native peg-in capability and non-custodial Liquid wallets built-in, but I'll use Boltz
and #BlockstreamGreen to move from LN-BTC to L-BTC in the second example to mix things up.

1. SideSwap

A registration-free mobile app with Tether USDt and EURx stablecoins available via atomic swap or limit order. Fees: 0.6% (swaps), 0.1% or 500 sats (orders), 0.1% (peg-in), Liquidity: ~0.75 L-BTC (swaps)

2. TDEX

A DEX protocol with Tether USDt, L-CAD, and Bitcoin-backed stablecoin FUSD (Fuji Money) available via atomic swap. Fees: dependent on market makers (swaps), no additional fee (peg-in), Liquidity: subject to mmkr

Note depending on your buy size, jurisdiction, desired privacy, or stablecoin needed, you may want to explore other platforms that have Liquid, including:

Bitcoin Reserve
Bisq
Bitfinex
BTSE
BTCTurk
Bull Bitcoin
Hodl Hodl
Peach Bitcoin
Sideshift