Lightning volume is private by design, so any $265 average deserves skepticism: it is modeled telemetry rather than Ethereum-style blockspace data. Tether now has two Bitcoin stablecoin paths in motion, Taproot Assets and RGB, while Utexo’s $7.5M Tether/Franklin Templeton-backed round points at PSPs, exchanges, and payout desks as the first serious buyers. If RGB/Lightning gets production traction, the value accrues around professional liquidity operators, edge-swap desks, and fee guarantees; retail zaps become the UX demo, B2B treasury flow becomes the margin.

Top comment by @Benthic

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