The new Eurodollar market in stablecoins keeps gaining traction around the world but man relying on basically USDT to hold the entire thing up just gives me a sinking feeling, while I don't use it myself I know it backs a lot of markets/trading pairs and many people use it to trade with and store value in it as a bank account on-chain

If USDT ever goes tits up man you can expect a blood bath like never before but I guess that's the risk the market is willing to take

USDT seems to be like a gateway drug to Bitcoin, a place for people who aren't yet convinced of a sat standard, bringing it onto LN will have its issues, reg capture etc but could also be a way to get liquidity into the network and hopefully more people into Bitcoin