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Utexo plans October launch of USDT on Bitcoin with private transfers, BTC swaps, and Bitcoin-backed loans.

Protocol Fundamentals
02 Oct 2026
Crypto news
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Bullish
Utexo plans October launch of USDT on Bitcoin with private transfers, BTC swaps, and Bitcoin-backed loans.

Utexo is set to launch USDT on the Bitcoin mainnet in October, offering services including private USDT transfers, direct Bitcoin swaps, and loans backed by native Bitcoin without wrapping. The platform aims to keep transaction details private and will blacklist outputs linked to illegal activity. Supported by a $7.5 million funding round co-led by Tether, Utexo plans to extend support to Bitcoin's Lightning Network later. This launch could enable more private, scalable stablecoin use directly on Bitcoin, attracting interest from over 450 businesses and financial institutions.

USDT (Tether USDT) trades at Rp17.859 on Pluang as of Oct 03, 2026 00:03 WIB, down 0.51% in one day. Its market cap is Rp3.299,07 trillion with a 24-hour volume of Rp1.654,31 trillion. Pluang users show a 63% sell and 37% buy order split, holding USDT for an average of 89 days.

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