USDT Is Coming To Bitcoin: Tether Unveils Launch Via RGB

Tether has announced USDT is set to see a launch on Bitcoin’s RGB protocol, allowing users to hold BTC and the stablecoin in the same ￰0￱ Users Will Have Native Access To USDT Via RGB Protocol As revealed by Tether in a website announcement , its stablecoin USDT will be coming to the RGB ￰1￱ allows users to create, send, and manage smart contracts directly on the BTC ￰2￱ protocol launched on the BTC mainnet in July with its 0.11.1 ￰3￱ to this release, stablecoins, non-fungible tokens (NFTs), and community tokens are all now possible natively on the BTC network, just like on Ethereum and other newer ￰4￱ to note is that RGB isn’t a network layer on top of Bitcoin.

Rather, it makes use of only client-side validation to confirm transactions. “RGB operates with no trusted third parties, no federations, no validators, and no coordinators,” said RGB Hub in the 0.11.1 launch ￰5￱ is the largest stablecoin in the cryptocurrency sector, circulating on a slew of networks, and with Tether’s latest move, the token would finally become accessible to users of the original digital asset, ￰6￱ noted in the press release: This announcement underscores Tether’s leadership in expanding the reach of stablecoins and its commitment to ensuring Bitcoin remains not only the original cryptocurrency but also the bedrock for global, everyday ￰7￱ far, the stablecoin issuer hasn’t confirmed any date, but once launched, users will be able to hold and transfer both BTC and USDT directly from the same ￰8￱ Ardoino, Tether CEO, said: Bitcoin deserves a stablecoin that feels truly native, lightweight, private, and ￰9￱ RGB, USD₮ gains a powerful new pathway on Bitcoin, reinforcing our belief in Bitcoin as the foundation of a freer financial ￰10￱ some other news, the Bitcoin spot exchange-traded funds (ETFs) have seen their largest drawdown from the all-time high (ATH) since April, as CryptoQuant community analyst Maartunn has pointed out in an X ￰11￱ displayed in the above chart, the spot ETFs currently have their holdings around $813.9 million down since the ￰12￱ latest outflows have occurred alongside BTC’s price ￰13￱ thing that has come with the drawdown in the cryptocurrency is a surge in long ￰14￱ quant Frank has noted in an X post , long liquidations recently hit their highest level of dominance in four ￰15￱ last time that long liquidations were this dominant was in May ￰16￱ then, bulls were flushed by a massive crash in the Bitcoin price that put the bull run on pause for a few ￰17￱ Price Bitcoin has slowly been climbing up since its low earlier in the week as its price has now reached the $112,400 mark.