A stablecoin worth more than $180 billion, returning to the place it set out from 12 years ago.
On October 2, Utexo, a subsidiary of Tether, confirmed that USDT issuance will be launched on the Bitcoin mainnet this month. It holds a business license and can distribute USDT to exchanges, wallets, and payment providers. CoinDesk first reported it, and multiple other media outlets including crypto.news followed.
Co-founder Ihnatiuk said that USDT was created in 2014 on the Bitcoin Omni layer, later moving to Ethereum and TRON. This time, it comes back via the RGB protocol: ownership of the asset is anchored to unspent Bitcoin transaction outputs, while most transaction details remain off-chain.
At launch, three services are offered: private transfers, native $BTC direct conversion with USDT, and collateralized borrowing using native Bitcoin without cross-chain wrapping. Support for the Lightning Network comes later.
More than 450 institutions have expressed interest, but cooperation with larger financial institutions has not yet been confirmed. The freezing mechanism has also changed: RGB assets cannot freeze addresses like token contracts can; instead, it maintains a list of outputs related to sanctioned transactions and passes that list to service providers to intercept during redemption and cross-chain steps.
On October 2, Utexo, a subsidiary of Tether, confirmed that USDT issuance will be launched on the Bitcoin mainnet this month. It holds a business license and can distribute USDT to exchanges, wallets, and payment providers. CoinDesk first reported it, and multiple other media outlets including crypto.news followed.
Co-founder Ihnatiuk said that USDT was created in 2014 on the Bitcoin Omni layer, later moving to Ethereum and TRON. This time, it comes back via the RGB protocol: ownership of the asset is anchored to unspent Bitcoin transaction outputs, while most transaction details remain off-chain.
At launch, three services are offered: private transfers, native $BTC direct conversion with USDT, and collateralized borrowing using native Bitcoin without cross-chain wrapping. Support for the Lightning Network comes later.
More than 450 institutions have expressed interest, but cooperation with larger financial institutions has not yet been confirmed. The freezing mechanism has also changed: RGB assets cannot freeze addresses like token contracts can; instead, it maintains a list of outputs related to sanctioned transactions and passes that list to service providers to intercept during redemption and cross-chain steps.
