Current outcome
Tether-backed Utexo has obtained a commercial license to issue USDT on Bitcoin and plans to launch native USDT this month using the RGB protocol and Bitcoin's UTXO model, supporting private transfers, native BTC-USDT swaps and BTC-collateralized lending, with Lightning Network expansion to follow.
Progress timeline
2 material updates- #01
Tether's USDT is 'coming home' to Bitcoin this month over a decade after debut there
Tether-backed project Utexo plans to bring native USDT to Bitcoin this month, enabling private transfers, direct BTC-to-USDT swaps and bitcoin-backed loans with data kept off the public ledger, followed by Lightning Network support.
Source evidence: CoinDesk
- #02
Tether支持的Utexo计划本月在比特币网络发行USDT
Utexo co-founder Viktor Ihnatiuk said the company has obtained a commercial license to issue USDT on Bitcoin, and disclosed it will use the RGB protocol and Bitcoin's UTXO model with most transaction data kept off-chain, offering APIs, SDKs and cloud infrastructure to exchanges, wallets and payment providers.
State after update: Tether-backed Utexo has obtained a commercial license to issue USDT on Bitcoin and plans to launch native USDT this month using the RGB protocol and Bitcoin's UTXO model, supporting private transfers, native BTC-USDT swaps and BTC-collateralized lending, with Lightning Network expansion to follow.
Source evidence: theblockbeats · wublockchainenglish