Tether is investing in Lightning Network projects RGB and OmniBolt

Paolo Ardoino, CTO of Bitfinex and Tether, tweeted that Tether is investing in projects within the industry and is currently funding Lightning Network Layer 2 protocol projects RGB and OmniBolt. RGB is committed to issuing assets on the Lightning Network, which may be ready by the end of 2020 and have a huge impact on cryptocurrency and Bitcoin. The goal of OmniBolt is similar to RGB, but it is more focused on leveraging the Omni layer protocol. Paolo Ardoino noted that the company is also working with companies that are interested in using Tether as their primary payment method internally or to customers. Chain Wen previously reported that in June, the crypto lending platform Celsius received a US$10 million investment from Tether.