While I agree stuff like this slows down a hard money revolution, it does seem to be what the market wants - a less abrupt transition to a hard money economy.

For billions of people around the world it's a massive improvement to have at least somewhat stable fiat (USD, EUR) that's interoperable with the rest of the world. Further, people living or operating on tight margin with small reserves can't currently handle the volatility of Bitcoin. 

Giving them the ability to decide in a single app whether to have no-KYC "stabilized" money or "savings" money would be huge improvement. 



This is exactly the wrong way. To get to a hard money economy we need to start denominating goods and services in sats. NOT denominating sats in fiat stablecoin crutches. [NO GOD! PLEASE NO!!! NOOOOOOOOOO](https://www.youtube.com/watch?v=umDr0mPuyQc&ab_channel=RetroPep)

tomlaies

The Twitter thread, unrolled:

*Thread by [@kollider_trade](https://Twitter.com/kollider_trade) on Thread Reader App*
https://threadreaderapp.com/thread/1496507594214723590.html

> So, who's bringing stablecoins to the Lightning Network?
>
> [@Synonym_to](https://Twitter.com/Synonym_to) is working on bringing #tether onto the Lightning Network
>
> There’s also [@Liquid_BTC](https://Twitter.com/Liquid_BTC) bringing liquid assets onto C-Lightning.
>
> What native stablecoins are on LN now? None exist officially.

> It is entirely possible that the #LightningNetwork will have native stablecoins in the future, but synthetic stablecoins using #Bitcoin are already possible today.

cointastical

> Been thinking up a concept of Stable Channels (USD-denominated bitcoin lightning channels)
>
> Who else is working on this that I should talk to?

https://twitter.com/dannydiekroeger/status/1496678851849588736

> bitcoin software engineer [@cashapp](https://Twitter.com/cashapp)

https://twitter.com/dannydiekroeger