Utexo Bets on Privacy to Bring USDT Back to Bitcoin
Summary
Utexo plans to relaunch USDT on Bitcoin using the RGB protocol, with a public launch scheduled for November 28 and Lightning Network support expected in early 2027. Backed by Tether, the startup says RGB can provide faster, more private transfers while anchoring security to Bitcoin. Early access to minting and redemption began on Signet in October. Moving tokens from Arbitrum requires locking USDT0 and minting an equivalent RGB asset, making the system dependent on bridge security. Limited DeFi support and uncertain demand are key hurdles; Utexo targets at least $1 billion in Bitcoin-based USDT within a year.
