Utexo co-founder Viktor Ihnatiuk tweeted that bridged USDT launched on the Bitcoin network is initially aimed mainly at institutions, whose demand for fund transfers is currently high.

Institutions are prioritizing the establishment of minting and transfer channels, laying the groundwork for large-scale inflows and outflows of native assets.

Once these large-capital channels are running smoothly, $BTC on-chain trading will have a stable liquidity cushion, making it harder for the price floor to be broken.