QCP Market Colour
ECB Makes the Case for Central Banks On-Chain and a Tokenized Digital Euro
Bitcoin Rises for Third Straight Week on Strong ETF Demand
Aave founder says V3 unaffected after third-party adapter exploit drains $305K
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Bitcoin reaches for $87K as short liquidations top $120M
US Treasury designates network behind ruble-backed A7A5 token as significant transnational criminal organization
Copper supports institutional trading of Hyperliquid perpetual contracts via API and platform interface
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Tether's USDT to Re-Launch on Bitcoin Network This Month
Tether's USDT stablecoin is set to return to the Bitcoin network in October 2026, utilizing the Utexo infrastructure project. This move comes as USDT, which boasts a market capitalization of nearly $190 billion, aims to re-establish its presence on Bitcoin after initially launching on the Bitcoin Omni protocol in 2014. Tether CEO Paolo Ardoino expressed enthusiasm for the development, stating on social media, "It's home."
Utexo, which was established in 2025 and recently completed a $7.5 million financing round led by Tether, has received a commercial license to issue USDT on the Bitcoin network. The project employs the RGB protocol with client-side validation, allowing transaction data to remain off the Bitcoin public ledger while anchoring ownership on UTXO. This method contrasts with the account models used by Ethereum and Tron, ensuring that transaction details are preserved off-chain between parties, with the Bitcoin ledger serving only as cryptographic proof of ownership.
Utexo is designed to facilitate private USDT transfers, enable direct exchanges between native Bitcoin (BTC) and USDT, and support lending using Bitcoin as collateral without requiring cross-chain wrapping. Unlike Tether's ability to freeze assets on Ethereum, Utexo cannot freeze assets but maintains a blacklist of UTXOs linked to sanctioned or illegal activities, which it shares with exchanges and institutions to render these UTXOs non-redeemable.
Source: KLEA News