Tether's USDT is 'coming home' to Bitcoin after more than a decade
60-second summary
Tether‑backed Utexo announces a platform that enables private USDT transfers, direct BTC‑USDT swaps and BTC‑collateralized loans while keeping most transaction data off Bitcoin’s public ledger; the service aims to bring USDT “home” to Bitcoin after more than a decade, potentially boosting on‑chain liquidity, expanding stablecoin utility and reinforcing Bitcoin’s role in the broader crypto ecosystem.
A Tether-backed project, Utexo, plans to support private USDT transfers, direct swaps between BTC and USDT and loans backed by BTC, while keeping most transaction data off Bitcoin’s public ledger.