I’ve seen the information that Tether is integrating with bitcoin. However what does this actually imply and the way does it work? They are saying there can be each on-chain and lightning transactions. I can see how lightning transactions would occur if on-chain transactions can occur, however how can tether transactions occur on the bitcoin blockchain and the way is that this linked to the tether community?
I might think about that perhaps this can be a coloured coin sort of factor the place the tether community screens the bitcoin community for cross-network transfers. Is that principally what is going on on?