Tether Launches USDT on Bitcoin via RGB Protocol
- Tether launches USDT stablecoin on the Bitcoin network using RGB protocol.
- First major stablecoin natively issued on Bitcoin.
- Impacts Bitcoin liquidity and cross-chain transfers.
Tether announced the direct issuance of its USDT stablecoin on the Bitcoin network, utilizing the RGB protocol, marking a pioneering integration led by CEO Paolo Ardoino.
This move positions Bitcoin as a viable platform for stablecoin transactions, potentially enhancing Bitcoin’s liquidity and reducing dependency on cross-chain networks.
Tether has announced the launch of its USDT stablecoin directly on the Bitcoin network. This unprecedented move uses the RGB protocol and marks the first native issuance of a major stablecoin on Bitcoin.
The rollout is spearheaded by Paolo Ardoino, Tether’s CEO, with technical input from the RGB Association. Bitfinex and Fulgur Ventures support this endeavor, aiming for a lightweight and scalable solution.
The decision to issue USDT on Bitcoin may enhance BTC’s liquidity and broaden its use in everyday transactions, eliminating the need for multi-chain operations.
Technology takes precedence over funding in this launch, with possible implications for affiliated networks as support transitions away from legacy chains by 2025.
The native USDT launch is anticipated to reinforce Bitcoin as more than a store of value, possibly influencing Bitcoin-linked financial products.
Historical patterns suggest launches on new platforms have driven stablecoin activity increases. Bitcoin may gain from such dynamics, particularly in liquidity and adoption.
Paolo Ardoino, CEO, Tether, “Bitcoin deserves a stablecoin that is truly native, lightweight, private, and scalable.”
