DeFi· ★★★★· bullish·

Tether's USDT Returns to Bitcoin After 11 Years via Utexo

  • —USDT is set to return to Bitcoin for the first time since 2014 via Utexo
  • —Utexo raised $7.5 million and holds the license to issue USDT on Bitcoin
  • —The RGB protocol keeps transaction data off Bitcoin's public ledger
  • —Instead of freezing addresses, Utexo will blacklist UTXOs tied to illicit activity
Why it matters: Bringing the largest stablecoin back to Bitcoin could deepen BTC liquidity and enable new DeFi use cases without wrapped tokens.
#USDT#BTC
Source: CoinDesk
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