USDT Returns to Bitcoin with Private Payments

Tether's USDT stablecoin is returning to Bitcoin after more than a decade. The largest stablecoin, worth $184 billion, promises private payments when it launches on BTC this month. Paolo Ardoino, CEO of Tether, said the move is an expansion of its support for Bitcoin.

The new version of USDT will be built using the RGB system, which keeps most details off Bitcoin's public record. This means that users can make private transfers and swaps without their transactions being visible on the blockchain. However, it's worth noting that the launch has slipped past a mid-September window that Utexo, the startup behind the project, had once called realistic.

Despite concerns about Tether's ability to police its own coins, USDT will continue to be available on Tron and Ethereum. The move is seen as an expansion of Tether's support for Bitcoin rather than a replacement for other networks. Users can expect the same token pegged to the dollar, but it will now travel on the Bitcoin network instead.