USDT is returning to the Bitcoin mainnet—this is not a small matter
@WuBlockchain on CoinDesk’s report: The Bitcoin payment infrastructure project Utexo, backed by Tether, plans to issue USDT on the Bitcoin mainnet this month. Co-founder Viktor Ihnatiuk said the company has already obtained a business license and will provide an API.
Why it’s worth mentioning separately. USDT mainly runs on chains like Ethereum, Tron, and Solana right now. Moving it onto the Bitcoin mainnet means two things: first, native Bitcoin payments and settlement gain another stablecoin option; second, the mainnet is no longer just a place to “hold coins”—it’s starting to take on issuance.
What’s interesting is that, almost at the same time, Fractal is also doing something in the same direction. After the September halving, 50% of the newly saved coins will be redirected to the Bitcoin mainnet for native distribution.
The two paths are different, but the direction is consistent: both are moving things onto the Bitcoin mainnet.
I want to ask friends working on the BTC ecosystem: what do you think will be the first truly live use case for a stablecoin on the mainnet?
$BTC #bitcoin #USDT
@WuBlockchain on CoinDesk’s report: The Bitcoin payment infrastructure project Utexo, backed by Tether, plans to issue USDT on the Bitcoin mainnet this month. Co-founder Viktor Ihnatiuk said the company has already obtained a business license and will provide an API.
Why it’s worth mentioning separately. USDT mainly runs on chains like Ethereum, Tron, and Solana right now. Moving it onto the Bitcoin mainnet means two things: first, native Bitcoin payments and settlement gain another stablecoin option; second, the mainnet is no longer just a place to “hold coins”—it’s starting to take on issuance.
What’s interesting is that, almost at the same time, Fractal is also doing something in the same direction. After the September halving, 50% of the newly saved coins will be redirected to the Bitcoin mainnet for native distribution.
The two paths are different, but the direction is consistent: both are moving things onto the Bitcoin mainnet.
I want to ask friends working on the BTC ecosystem: what do you think will be the first truly live use case for a stablecoin on the mainnet?
$BTC #bitcoin #USDT