On July 7, Tether is preparing to issue USDT natively on the Bitcoin network based on the RGB v0.11.1 protocol, with UTEXO responsible for commercialization and distribution. This marks the return of USDT to the Bitcoin main chain after its initial launch via the Omni protocol in 2014. Viktor Ihnatiuk, co-founder of UTEXO, stated that the company has received support from Tether to promote the implementation of native Bitcoin USDT. The RGB protocol employs client-side validation and integrates with the Lightning Network, allowing for instant, low-cost, and private transactions while inheriting the security model of Bitcoin's UTXO. In the future, users will be able to hold USDT directly through native Bitcoin addresses and complete transactions using Lightning Network wallets that support RGB, without relying on other public chains or intermediaries. Compared to the account model networks where USDT is primarily circulated, such as TRON and Ethereum, RGB's use of the UTXO model naturally supports one-time addresses and facilitates off-chain payments through the Lightning Network, effectively enhancing transaction privacy. Additionally, UTEXO is deeply integrated with Tether, reducing intermediary fees and data collection, and users can also convert USDT at low cost across different public chains through its already launched cross-chain bridge.
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