Tether to Return to Bitcoin Network This Month via Utexo, Adding Private Transfers and Swaps
JH Kim
Summary
- Tether said USDT will return to the Bitcoin (BTC) network this month through Utexo.
- Utexo said it will support private USDT transfers and direct Bitcoin-USDT swaps on the Bitcoin network.
- The company also plans to offer Bitcoin-backed lending services in the future.
Forecast Trend Report by Period
Tether's USDT is set to return to the Bitcoin network this month through Utexo, with support for private transfers, direct Bitcoin-USDT swaps and, later, Bitcoin-backed loans.
Cointelegraph reported on October 2 that Utexo plans to enable USDT on the Bitcoin network later this month.
Utexo also plans to let users send USDT privately on the Bitcoin network. It will also support direct swaps between Bitcoin and USDT.
The company plans to add Bitcoin-collateralized lending services in the future.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.