Utexo, backed by Tether, has obtained a commercial license to issue USDT on the Bitcoin network and plans to launch this month. The platform uses RGB technology to enable private USDT transfers and direct BTC-USDT swaps without wrapping Bitcoin, targeting exchanges, wallets, and payment providers. Utexo will blacklist illicit UTXOs instead of freezing them, maintaining privacy while preventing misuse. After launch, Utexo aims to extend USDT support to Bitcoin's Lightning Network, potentially using USDT as a fee token for faster, cheaper payments.
Following Utexo's plan to launch private USDT transfers on Bitcoin this month, USDT on Pluang trades at Rp17.859 with a slight 0.51% decrease over the past day as of Oct 02, 2026 18:21 WIB. The stablecoin maintains a substantial market cap of Rp3.298,25 trillion and a 24-hour trading volume of Rp1.539,35 trillion. Pluang users show a balanced interest with 59% buying and 41% selling, holding USDT typically for 89 days.
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 ...
