USDT once existed on Bitcoin—that was back in 2014, using the Omni protocol. Omni shut down in 2023. For more than a decade since then, stablecoins on Bitcoin have been a missing piece.
Today, UniSat laid out a three-step plan to fill that gap. First, the UniSat wallet and UniScan explorer will support sending, receiving, and looking up RGB-based USDT. Second, USDT trading pairs will launch on UniHexa, allowing users to trade native Bitcoin assets with it. Third, it will expand to more use cases. Its partner is Utexo, a company backed by Tether.
There’s one technical point worth highlighting. This USDT will use RGB’s client-side validation, with assets tied to Bitcoin UTXOs, while most transaction details stay off the public ledger. The compliance mechanism isn’t the familiar “freeze an address,” but rather “mark a UTXO”—the marked portion becomes non-redeemable.
Here’s my take: the key to this approach isn’t that “USDT is usable on Bitcoin again,” but the order of operations. The wallet and explorer come first, with trading pairs later—first solve “being able to receive and send it,” then solve “being able to trade it for things.” Trading depth has never been what’s held stablecoins back on Bitcoin.
There’s no official launch timeline yet, and the Lightning Network is further down the road.
What do you think is the first hurdle for stablecoins on Bitcoin: the technology, or having enough people willing to use them?
#USDT #比特币 #UniSat
Today, UniSat laid out a three-step plan to fill that gap. First, the UniSat wallet and UniScan explorer will support sending, receiving, and looking up RGB-based USDT. Second, USDT trading pairs will launch on UniHexa, allowing users to trade native Bitcoin assets with it. Third, it will expand to more use cases. Its partner is Utexo, a company backed by Tether.
There’s one technical point worth highlighting. This USDT will use RGB’s client-side validation, with assets tied to Bitcoin UTXOs, while most transaction details stay off the public ledger. The compliance mechanism isn’t the familiar “freeze an address,” but rather “mark a UTXO”—the marked portion becomes non-redeemable.
Here’s my take: the key to this approach isn’t that “USDT is usable on Bitcoin again,” but the order of operations. The wallet and explorer come first, with trading pairs later—first solve “being able to receive and send it,” then solve “being able to trade it for things.” Trading depth has never been what’s held stablecoins back on Bitcoin.
There’s no official launch timeline yet, and the Lightning Network is further down the road.
What do you think is the first hurdle for stablecoins on Bitcoin: the technology, or having enough people willing to use them?
#USDT #比特币 #UniSat