USDT on Bitcoin: Tether Expands to RGB Layer-2 Network

Tether Brings USDT to Bitcoin via RGB

Tether, the company behind USDT, is expanding its presence in the Bitcoin ecosystem. They recently announced USDT's availability on Bitcoin through the RGB protocol, a Layer-2 solution.

RGB allows for the issuance of assets on the Bitcoin blockchain, paving the way for native stablecoins. Tether believes this integration will enable:

• Faster transactions
• Improved privacy
• Lightweight payments

This move follows Tether's earlier integration of USDT on Bitcoin's Lightning Network. The RGB protocol uses smart contracts, enabling autonomous crypto applications and more.

Key Takeaways:

• USDT on Bitcoin: Tether is bringing its stablecoin to the Bitcoin blockchain through the RGB protocol.
• Layer-2 Solution: RGB is a Layer-2 network aiming to improve transaction speed and privacy.
• Native Stablecoins: RGB allows for the issuance of stablecoins directly on the Bitcoin blockchain.

Paolo Ardoino, CEO of Tether, stated that Bitcoin deserves a truly native stablecoin that is lightweight, private, and scalable. RGB offers a new pathway for USDT on Bitcoin, reinforcing Tether's belief in Bitcoin as the foundation of a freer financial future.

USDT is the fourth-largest cryptocurrency, with a market cap exceeding $167 billion. Stablecoins are often pegged to the U.S. dollar and used by crypto traders for seamless transactions. Tether reports that USDT is also gaining traction in emerging markets as users seek exposure to the U.S. dollar.