✉news BusinessCrypto first seen 7 h ago, last 54 min ago, peak #15
Tether bringing USDT stablecoin back to Bitcoin network this month
Original: Tether’s $190 billion USDT stablecoin is coming back to the Bitcoin network this month
Tether says its USDT stablecoin, which has a market value of around $190 billion, will be reissued on the Bitcoin network later this month. The move revokes the token's presence on the original Bitcoin blockchain via the Omni Layer protocol, which Tether had phased out in recent years. Crypto observers are watching what renewed Bitcoin-network issuance could mean for transaction fees and stablecoin distribution.
Why now: Tether announced it will reissue USDT on the Bitcoin network this month, a notable shift for the crypto industry.
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