Utexo, a project backed by Tether, promises to launch USDT on the Bitcoin network in October 2026

Bitcoin ($BTC)

Utexo is building infrastructure for $USDT on Bitcoin using the RGB protocol: most transaction data is stored outside the public blockchain, making transfers more private, while swaps between $BTC and $USDT and loans do not require wrapped Bitcoin. Holders do not need to do anything now: this is an announcement for the month, not a launched product, and it does not directly determine the price of $BTC.

Facts

After launching on Bitcoin, Utexo plans to add support for $USDT on the Lightning Network. CoinDesk suggests that $USDT could become a token for paying fees there. [coindesk.com, 2 October 2026]
Utexo co-founder Viktor Ignatyuk said the company has a commercial license. The project will provide exchanges, wallets, and payment providers with an API, SDK, and cloud infrastructure. Technology: RGB and Bitcoin's UTXO model. [X, 2 October 2026]
$USDT was first issued on Bitcoin through Omni in 2014, after which Ethereum and Tron became the main networks. [@FuturesWire, 2 October 2026]
The Tether-backed Utexo project plans to launch $USDT on the Bitcoin network in October: private transfers, direct swaps between $BTC and $USDT, and loans against $BTC without wrapped Bitcoin. This is still a plan, not a launch. [@CoinDesk, 2 October 2026]

Watching

The exact launch date in October and the first exchanges or wallets to connect.
The amount of $USDT that will actually be issued and circulate on the Bitcoin network.

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