Utexo co-founder: Bitcoin-bridged USDT will initially target institutions
Utexo co-founder Viktor Ihnatiuk said in a post on X that the USDT bridge launched on the Bitcoin network will initially focus on institutions, which currently have strong demand for minting, redemption, and fund transfers. He noted that large transfers require protecting wallet activity from being viewed by others and avoiding front-running. Details of the rollout for retail users will be announced later.
Utexo co-founder Viktor Ihnatiuk said in a post on X that the USDT bridge launched on the Bitcoin network will initially focus on institutions, which currently have strong demand for minting, redemption, and fund transfers. He noted that large transfers require protecting wallet activity from being viewed by others and avoiding front-running. Details of the rollout for retail users will be announced later.