USDT returning to Bitcoin Network According to Tether CEO

[slaman29]

USDT already has billions in market cap on other chains. There isn’t any incentive for those users to start using an entirely different ecosystem. I also see Tether having a hard time convincing Bitcoiners to use this.

Yeah, I don't know what they think has changed. Tried it before, didn't work out, I can't remember the exact reason they abandoned it but I do remember them for years already saying it had the lowest volume on Bitcoin for the longest time once fees became 'expensive'.

Diversification of chains to send on is also good, but I just do not see a lot of people using it.

For sure nothing has changed in a year, just don't get it at all. Fees? Ironically USDT on Bitcoin would be cheaper than ETH or TRON for past year (which is a big reason they moved).

[NotATether]

Tron in recent years is no longer a good blockchain for transactions, if users care about transaction fees.

Tron is the perfect example where over complcaiting things and having a different currency for fees, designed to be just another gimmick with no actual impact other than headaches and expensive transfers for casual users will drive users away to other chains that are way mroe simplitic, who ever designed the "energy" stuff, probably trying to copy the gas on eth scrwed the network forever.

I fucking hate Tron nowadays. Sending a USDT TRC20 transaction nowadays costs like $4 - for small transactions that's more than Paypal.

Even ETH has less fees. Can you believe that? 3 years ago, it costed like $10 or $20 or even $50 in ETH to send tokens, because of the smart contract. And TRX was the reverse.

[ABCbits]

There is a huge demand for data storage and data anchoring in Bitcoin, that is the way that things can be built on top of it and that is how it stays relevant for the future.

I don't think the demand is that big. Looking at past ordinal and BRC-20 hype, many people only wanted quick profit. But related to main topic of this thread, most of the USDT activity doesn't happen on-chain anyway, because Tether decide to use utexo rather than continue to use Omni protocol.

Tron in recent years is no longer a good blockchain for transactions, if users care about transaction fees.

Tron is the perfect example where over complcaiting things and having a different currency for fees, designed to be just another gimmick with no actual impact other than headaches and expensive transfers for casual users will drive users away to other chains that are way mroe simplitic, who ever designed the "energy" stuff, probably trying to copy the gas on eth scrwed the network forever.

I fucking hate Tron nowadays. Sending a USDT TRC20 transaction nowadays costs like $4 - for small transactions that's more than Paypal.

Even ETH has less fees. Can you believe that? 3 years ago, it costed like $10 or $20 or even $50 in ETH to send tokens, because of the smart contract. And TRX was the reverse.

And Tron is the only network with high fee to use USDT. https://gasfeesnow.com/ shows other network cost about $0.001 to $0.023.

[stompix]

There is a huge demand for data storage and data anchoring in Bitcoin

No, there is not!
Because if there were, you would not be able to get a confirmation in the next block with 4 cents for a tx at 0.30 sat/vb just like a few blocks ago!
If the miners would reject tx with less than 1 sat/vb the blocks would be half full most of the time.
https://bitinfocharts.com/comparison/bitcoin-median_transaction_fee.html#1y

I fucking hate Tron nowadays. Sending a USDT TRC20 transaction nowadays costs like $4 - for small transactions that's more than Paypal.
Even ETH has less fees. Can you believe that? 3 years ago, it costed like $10 or $20 or even $50 in ETH to send tokens, because of the smart contract. And TRX was the reverse.

Tron devs: How do we keep users to our chain?  Let's make a complicated energy model fee that traps user funds on our chain and is heavily impacted by Tron price!
Also, Tron devs: Why is eveyone leaving?