Tether is preparing to natively issue USDT on the Bitcoin network based on the RGB v0.11.1 protocol, with UTEXO responsible for commercial issuance and distribution. This will be the first time USDT has returned to the Bitcoin mainnet in years, since its initial launch on Bitcoin via the Omni protocol in 2014.
UTEXO co-founder Viktor Ihnatiuk stated that the company has received support from Tether and will be responsible for promoting the implementation of native Bitcoin USDT. The official introduction states that the RGB protocol uses client-side validation combined with the Lightning Network, enabling instant, low-cost, and private USDT transactions while inheriting Bitcoin's UTXO security model.In the future, users will be able to hold USDT directly through native Bitcoin addresses and complete transfers using Lightning Network wallets that support RGB.[Odaily]