Tethers USDT eyes Bitcoin return as Utexo plans October launch
Utexo has outlined an October launch for USDT on Bitcoin, with three planned services covering private transfers, direct BTC swaps, and Bitcoin-backed loans. SummaryOctober is the planned mainnet launch window, with Lightning Network support planned for a later stage.Utexo says borrowers will be able to use native Bitcoin as collateral without wrapping their holdings.The proposed privacy model includes a blacklist for transaction outputs linked to sanctioned or illegal activity.Tether co-led Utexos $7.5 million funding round announced in March alongside two other investment firms. Utexo has secured a commercial license to issue USDT on Bitcoin and use its trademark for distribution to exchanges, wallets and payment providers, according to co-founder Viktor Ihnatiuk. The Tether-backed company plans to begin issuance in October. Under the proposed rollout, Utexo will provide the software connections, developer tools and cloud services that other businesses need to offer Bitcoin-based USDT products. According to the company‘s plans, the first deployment will use Bitcoin mainnet before support extends to Lightning, Bitcoin’s payment network. USDT transfers would keep payment details off the public ledger Through RGB, Utexo plans to support stablecoin transfers in which participants check transaction information themselves, while ownership is tied to Bitcoin‘s unspent transaction outputs. According to the project’s description, most payment









