Tether's stablecoin USDT is launching on the Bitcoin network this month through Utexo, a startup licensed to deploy it using the RGB protocol for transaction privacy. This move marks USDT's return to Bitcoin after originally debuting there in 2014 before shifting mainly to Ethereum and Tron. Utexo's platform enables confidential USDT transactions, peer-to-peer BTC-USDT swaps, and bitcoin-backed lending without converting BTC to tokens. Future plans include integrating Lightning Network for faster payments, aiming to enhance privacy and usability of USDT on Bitcoin.
Tether's USDT stablecoin holds a market cap of Rp3.300,86 trillion on Pluang as of Oct 02, 2026, 21:23 WIB, with a price of Rp17.861 and a 1-day change of -0.51%. This stablecoin's return to the Bitcoin network aligns with its strong trading presence, where typical hold time on Pluang is 89 days and buying activity slightly outweighs selling at 59% to 41%.
Tether has frozen approximately $2.2 million in USDT connected to outflows from CoinDCX after the exchange admitted to losses caused by a failed process securing deposits sent to retired wallet addresses. The freeze specifically targets the USDT fund...
Papertrade generated $13.38 million in protocol revenue over seven days, ranking fifth among 10 protocols as of October 23. It trails behind Tether ($122.87M), Circle ($48.98M), Hyperliquid ($15.10M), and Pump ($14.71M). Papertrade offers synthetic p...
Tether has blacklisted several USDT wallets reportedly connected to abnormal outflows from CoinDCX, India's largest crypto exchange, freezing the funds at the smart-contract level. This move prevents any further transfers from those wallets and is pa...
The US Senate has launched an investigation into Tether, the issuer of the USDT stablecoin, over allegations it paid $6.3 million to a consulting firm linked to Bo Hines, a former White House crypto adviser. The payments were reportedly made through ...
Senator Richard Blumenthal has requested Tether to provide records by November 3 regarding payments to Nxum, a consulting firm co-owned by Bo Hines, who helped craft the GENIUS Act on stablecoin regulation. Nxum reportedly earned $6.3 million from a ...
