1d ago

Tether-backed Utexo gets license to issue USDT on Bitcoin network

AI Market Summary

Tether-backed Utexo receiving a license to issue USDT on Bitcoin signals renewed stablecoin infrastructure on the BTC base layer. The functionality described—private USDT transfers, direct USDT/BTC exchange, and collateralized borrowing against native Bitcoin—could improve Bitcoin ecosystem utility and liquidity rails without requiring wrapped BTC. This may modestly strengthen near-term sentiment and activity around BTC-native financial tooling.

Impact level

● Medium

Affected assets

BTC/USDT+1.26%

AI Insight · BTC/USDTAI Insight

▲ Bullish

Trade now

⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.

Tether-backed Utexo has obtained a license to issue USDT on the Bitcoin network, marking USDT’s return to Bitcoin’s main chain after years. The license would allow users to send USDT privately and swap it directly with BTC. It also enables borrowing against Bitcoin without wrapping it. USDT was first launched on Bitcoin in 2014 before growing mainly on Ethereum and Tron.

Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.

Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.