Tether has unveiled plans to launch its stablecoin USDT on the RGB protocol, enabling transactions on Bitcoin without the need for wrapped assets or external bridges.
Launch of USDT on the RGB Protocol
On August 28, Tether announced the launch of USDT on the RGB protocol, a new framework aimed at extending Bitcoin's capabilities beyond simple value storage. This will allow USDT to operate natively on Bitcoin, without the use of wrapped tokens. The integration will enable private, lightweight transfers and the ability to hold USDT alongside BTC in the same wallet.
Strategic Changes at Tether
This move represents a strategic pivot for Tether, focusing on Bitcoin's foundational security over the convenience of other chains. Tether has already deployed its stablecoin across multiple platforms, including Ethereum and Tron, but the RGB integration is distinct as it leverages Bitcoin's own scripting capabilities to create a version of USDT that is a part of the Bitcoin ecosystem.
Opinion of Tether's Management
According to Tether CEO Paolo Ardoino, 'Bitcoin deserves a stablecoin that feels truly native, lightweight, private, and scalable.' His belief underscores the scale of USDT, which, with a market capitalization of $267.34 billion, is the largest stablecoin in circulation and a key element of global crypto liquidity.
The extension of USDT to the RGB protocol reflects Tether's effort to position Bitcoin as a foundational settlement layer, potentially unlocking new possibilities for Bitcoin usage in the future.
