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53 sats \ 3 replies \ @OT 8 Mar \ parent \ on: Utexo - Move USDT Instantly and Privately on Bitcoin for Free (it's RGB) bitcoin lightning

It could also look like this.

Tether should know how many USDT are circulating on Liquid. And they're also affiliated with Bitfinex who are a Liquid federated member.

Maybe like you said it's not as easy as TRON or ETH but I wouldn't count on tether being uncensored on Liquid. The risk is still there.

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53 sats \ 2 replies \ @SwapMarket 8 Mar

This is a simple LBTC transfer with change, not a USDT one and definitely not a swap.

Federation members cannot unblind other people's transactions.

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3 sats \ 1 reply \ @OT 8 Mar

So tokens have a different address type? What would a transfer of L-BTC into tether look like?

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53 sats \ 0 replies \ @SwapMarket 8 Mar

No. If you send a token you must also spend some LBTC output to pay the fee. So you have a minimum of two inputs and usually three outputs (one forward and two changes). All of them are blinded and look similar for an outside observer, no way to tell what actually happened. Could be just LBTC funds sent to three parties from two UTXOs.

A swap between LBTC and USDT might look like I show above (as broadcasted by sideswap.io).

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