📰 USDT plans to return to the Bitcoin network this month. It first came into being in 2014 via the Omni protocol, and later the focus shifted toward Ethereum and Tron. Today, its market cap is approaching $19 billion. Tether CEO Paolo Ardoino directly calls this return “it’s home.”
🔥 Responsible for execution is Utexo. The company was founded in 2025. Earlier this year, it completed a $7.5 million funding round led by Tether, and has already obtained the commercial license to issue USDT on Bitcoin.
💡 What’s really interesting is how it’s done. Utexo uses the RGB protocol and client-side verification. Transaction details are stored off-chain between the parties, while the Bitcoin ledger only uses cryptographic proofs to confirm ownership. The assets ultimately anchor to UTXOs.
👀 This setup supports private USDT transfers, direct swapping between native BTC and USDT, and even collateralized lending using native Bitcoin. It doesn’t require cross-chain wrapping like WBTC does. Honestly, this is far more interesting than simply “supporting another chain.”
🤔 But compliance handling has changed too: Utexo can’t directly freeze assets the way Tether can freeze Ethereum addresses. Instead, it can maintain a blacklist of relevant UTXOs and distribute it to exchanges and other institutions so those assets can’t be redeemed. Private transfers and blacklist redemption coexist—do you think users will accept this balance?
#USDT #比特币 #RGB #stablecoin
🔥 Responsible for execution is Utexo. The company was founded in 2025. Earlier this year, it completed a $7.5 million funding round led by Tether, and has already obtained the commercial license to issue USDT on Bitcoin.
💡 What’s really interesting is how it’s done. Utexo uses the RGB protocol and client-side verification. Transaction details are stored off-chain between the parties, while the Bitcoin ledger only uses cryptographic proofs to confirm ownership. The assets ultimately anchor to UTXOs.
👀 This setup supports private USDT transfers, direct swapping between native BTC and USDT, and even collateralized lending using native Bitcoin. It doesn’t require cross-chain wrapping like WBTC does. Honestly, this is far more interesting than simply “supporting another chain.”
🤔 But compliance handling has changed too: Utexo can’t directly freeze assets the way Tether can freeze Ethereum addresses. Instead, it can maintain a blacklist of relevant UTXOs and distribute it to exchanges and other institutions so those assets can’t be redeemed. Private transfers and blacklist redemption coexist—do you think users will accept this balance?
#USDT #比特币 #RGB #stablecoin