Private, fast USDT is coming to Bitcoin. Can it compete with Ethereum and Tron?

Utexo, a Dubai-based blockchain startup, is set to reintroduce Tether's USDT stablecoin to Bitcoin's network, promising faster and private transactions. The launch, originally planned for August 2025, is now scheduled for November 28, with Lightning Network support expected in Q1 2027. By utilizing RGB, a protocol that keeps asset transaction data off-chain, Utexo aims to offer private and fast payments on Bitcoin's settlement layer.

While USDT has been present on Bitcoin since 2014 via the Omni protocol, its usage declined in 2023, leading to Tether halting issuance. However, Utexo's launch could potentially compete with stablecoins on Ethereum and Tron, given the $300 billion stablecoin supply already circulating on those networks. The speed and privacy features offered by Utexo's Bitcoin USDT could make it an appealing alternative for users seeking faster and more confidential transactions.

Brief written by urgent.news from Cointelegraph's own syndicated text. Machine-written — may contain errors; check the original before relying on it.