Tether brings USDT natively to the Bitcoin blockchain for the first time

  • Tether is now launching USDT directly on the Bitcoin blockchain, the stablecoin company announced in a press release on Thursday.
  • The launch will take place via the RGB protocol, a Layer 2 framework that enables smart contract functionality and asset issuance on Bitcoin.
  • The goal is to provide Bitcoin users with native stablecoin transactions without having to resort to external chains such as Ethereum, Tron, or Solana.
  • According to Tether CTO Paolo Ardoino, the integration is intended to usher in “a new era for Bitcoin as a platform for digital assets.”
  • USDT was previously available on several blockchains, including Ethereum, Tron, Solana, and Avalanche – Bitcoin itself was missing until now.
  • A launch date for the broad availability of the Bitcoin-based USDT variant has not yet been announced.
  • The RGB protocol is considered a technological advancement that aims to improve data protection, scalability, and efficiency.
  • For Tether, the launch represents a strategic move; the stablecoin company considers Bitcoin to be one of the most liquid crypto assets. Paolo Ardoino's company has over 100,000 BTC hoarded in its own wallets.
  • The stablecoin giant is also significantly expanding its mining capabilities. It aims to become the world's largest miner by the end of the year.

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Sources:

  • Tether press release


Eine Quelle: btc-echo.de

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