Tether preparing to launch USDT on Bitcoin

Tether is preparing to issue USDT on the Bitcoin network via the RGB protocol, Bitcoin Magazine reported. Software firm Utexo is partnering with Tether to lead the issuance and distribution. The Bitcoin-based USDT is expected to support instant swaps with BTC through the Lightning Network. A number of wallets and exchanges, including Tether Wallet, have already announced plans to support the new asset. The launch is anticipated as early as this July.