Tether's USDT is 'coming home' to Bitcoin this month over a decade after debut there
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- 5 new reports
USDT is set to return to Bitcoin this month through Utexo, a Tether-backed project, after first launching on Bitcoin in 2014. The rollout is described as adding private transfers, direct BTC-USDT swaps, and bitcoin-backed loans, with most transaction data kept off Bitcoin’s public ledger. One report also says Utexo has a commercial license to issue USDT on Bitcoin and use the trademark for distribution.
Key claims & sources
What it means
In practice, the main change is that USDT is being tied to Bitcoin through private transfers, direct BTC swaps, and bitcoin-backed loans, while most transaction data stays off Bitcoin’s public ledger. What does not change in the reporting is that USDT remains the stablecoin being issued and used in these planned services.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 37 days ago | Open USD takes on Tether, Circle with a different stablecoin model that's 'building money' event | 1 actors in common · 5 news media |
| 38 days ago | Tether mints $494M in XAUt gold-backed tokens event | 1 actors in common · 3 news media |
| 39 days ago | Tether, Shiga Expand Self-Custody Products Across Africa, Gulf event | 1 actors in common · 5 news media |
| 39 days ago | Franklin Templeton Brings Tokenized Collateral Service to Bybit event | 1 actors in common · 11 news media |
| 39 days ago | Crypto-friendly institution Franklin Templeton brings its tokenized collateral service to Bybit event | 1 actors in common · 2 news media |