USDT Returns Home: Bitcoin Gains Amid Weak Labor Market Data

USDT is returning to its native network on Bitcoin after a 12-year absence. Tether-backed Utexo announced the launch of USDT on Bitcoin using RGB and Lightning, combining security, speed, and privacy for private B2B transfers and direct swaps. The project received a $7.5 million seed round co-led by Tether.

The US labor market data came in weak: Non-Farm Payrolls rose by just 29,000, against expectations of $84,000, $90,000, while unemployment climbed to 4.2%. Bitcoin responded with a gain, holding near $86,688.47, up 3.38% over 24 hours.

Utexo co-founder Viktor Ignatyuk confirmed that the company is holding strategic talks with Morgan Stanley representatives in Washington to integrate the infrastructure into U.S. and European bank custody services.