Tether-backed Bitcoin payments infrastructure project Utexo plans to issue USDT on the Bitcoin network this month. Co-founder Viktor Ihnatiuk said the company has obtained a commercial license and will provide APIs, SDKs and cloud infrastructure for exchanges, wallets and payment providers. Built on RGB and Bitcoin’s UTXO model, Utexo will support private USDT transfers, native BTC-USDT swaps and BTC-backed lending without wrapping Bitcoin.

USDT was first issued on Bitcoin via Omni in 2014, before Ethereum and Tron became its main networks. Utexo also plans to expand USDT support to the Lightning Network after its Bitcoin launch.