Tether’s USDT is ‘coming home’ to Bitcoin this month over a decade after debut there
A Tether-backed project, Utexo, plans to support private USDT transfers, direct swaps between BTC and USDT and loans backed by BTC, while keeping most transaction data off Bitcoin’s public ledger.
Make preferred on
Share this article
Summary
- Tether’s USDT, the world’s largest stablecoin, is expected to return to Bitcoin this month through infrastructure developed by the Tether-backed project Utexo.
- Utexo plans to support private USDT transfers, direct swaps between native bitcoin and USDT, and loans backed by native bitcoin, while keeping most transaction data off Bitcoin’s public ledger.
- Utexo would blacklist UTXOs linked to sanctioned or illicit activity rather than freeze addresses, and it plans to expand USDT to Bitcoin’s Lightning Network after the initial launch.
