
Utexo Brings USDT to Bitcoin in Stablecoin Push
- —Utexo is issuing USDT on Bitcoin to broaden the stablecoin's utility
- —The announcement came at The Future of Capital Markets event
- —The company expects to attract institutional users to the USDT ecosystem
Why it matters: Putting the largest stablecoin on Bitcoin could revive demand for BTC after recent fund outflows.
Source: Coinfomania