Tether plans to bring its stablecoin USDT back to the Bitcoin network in October 2026 via the Utexo project, enabling private transfers, direct BTC-USDT swaps, and Bitcoin-backed loans. Utexo uses the RGB protocol and Bitcoin's UTXO model to enhance privacy and compliance by blacklisting specific illicit transaction outputs rather than freezing entire accounts. This move could reduce reliance on wrapped tokens like WBTC and offers a new approach to stablecoin use on Bitcoin. Initial launch will be on Bitcoin's mainnet, with Lightning Network support expected later.
Tether's plan to reintroduce USDT on the Bitcoin network provides context for cryptocurrency market activity on Pluang. For readers following the crypto market, here is Pluang's snapshot as of Oct 02, 2026 17:21 WIB: out of 50 major cryptocurrencies, 37 rose and 12 fell. Among notable movers, COTI rose 7.05% to Rp255 despite 83% sell orders, BAT increased 6.03% to Rp1.688 with 86% buy orders, and ADA gained 4.56% to Rp4.590 with 69% buy orders, reflecting diverse investor interest and holding periods ranging from 93 to 126 days.
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