The Utexo project plans to issue on the Bitcoin network this month USDT
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AT A GLANCE
PANews cited CoinDesk as reporting that Tether-backed Utexo plans to issue on the Bitcoin network this month USDT。
Article
The Tether-backed Utexo project plans to issue on the Bitcoin network this month USDT, supporting private transfers and BTC direct swaps
PANews October 2 reported, citing CoinDesk, that Tether’s USDT will return to the Bitcoin network this month through the Tether-backed infrastructure project Utexo.USDT has a market capitalization of nearly 190000000000 USD, making it the world’s largest stablecoin. 2014 was originally created in CEO Paolo Ardoino said on X last week, “It’s home.” Utexo was founded in 2025 and completed 7500000 USD financing earlier this year, led by Tether, and has obtained a commercial license to issue USDT on Bitcoin. Utexo uses the RGB protocol and client-side verification, keeping most transactions...
Key points
01
PANews said the news came from a CoinDesk report.
02
Tether’s USDT project plans to return to the Bitcoin network this month through Utexo.
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The report’s headline says that the solution supports private transfers and BTC direct swaps.
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USDT has a market capitalization of nearly 190000000000 USD, and the report calls it the world’s largest stablecoin.
05
USDT was originally created in 2014 on the Bitcoin Omni protocol, after which Ethereum and Tron became its primary issuance networks.
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Tether CEO Paolo Ardoino said on X last week, “It’s home.”
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Utexo was founded in 2025 and completed 7500000 USD in financing earlier this year, led by Tether.
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The report said that Utexo has obtained a commercial license to issue USDT on Bitcoin.
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Utexo uses the RGB protocol and client-side verification.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The core of this news is that USDT plans to re-enter the Bitcoin network through Utexo. The report also says that the solution enables private transfers and supports BTC direct swaps; Utexo uses the RGB protocol and client-side verification.
Why it matters to readers
If the plan is implemented,USDT will add an issuance and usage scenario based on the Bitcoin network. The private transfers and BTC direct swaps mentioned in the report are also notable features of the solution.
Beginners can understand it this way: the commonly used stablecoin USDT plans to add a way to be used on the Bitcoin network. The report currently describes a plan, which cannot be equated with an official launch.
Risks and unknowns
The original text is a truncated report, and its explanation of the RGB protocol, client-side verification, and transaction methods is incomplete.
It has not been confirmed whether USDT has officially been issued as planned.
The source text does not provide the official issuance size, asset identifier, or actual trading volume.
The source text does not explain the specific implementation method or usage conditions for private transfers and BTC direct exchange.
The news was reported by PANews citing CoinDesk; the provided text does not contain a complete official announcement from Tether or Utexo.
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Related concepts
USDT
Cryptocurrency assets held by the example wallet mentioned in the text.
