Utexo

Tether is reportedly planning to bring its USDT stablecoin back to the Bitcoin network through a project called Utexo. The move would reestablish a direct USDT presence on Bitcoin, relying on the Utexo protocol. Details on timing and technical implementation have not yet been made public, and the crypto community is watching for official confirmation from Tether.

Tether-backed Utexo plans to launch USDT on Bitcoin this month using the RGB protocol, allowing private transfers, direct BTC-USDT swaps and BTC-backed lending without wrapped Bitcoin. Lightning Network support is also planned. The move would bring stablecoin functionality natively to Bitcoin, a development closely watched by crypto users discussing scalability and privacy trade-offs.

Tether's USDT stablecoin is returning to the Bitcoin network through Utexo, according to a report from CryptoRank. The move puts the dollar-pegged token back in the Bitcoin ecosystem, a space it has largely ceded to other layer networks in recent years. Details on Utexo's role and the technical setup were not provided, and Tether has not yet commented further.