Tether has already stated its intention to issue USDT as native on the Bitcoin blockchain. The relocation will enhance the liquidity and use of Bitcoin within the broader financial framework.

Tether Confirms USDT Deployment on Bitcoin

In a recent blog post, Tether announced that it would issue USDT on Bitcoin as RGB, the issuance protocol. Recently, RGB went live on mainnet, and stablecoins now exist on Bitcoin in their native form. This change makes Bitcoin more than a store of value.

The launch enables investors to avoid relying on Ethereum, Solana, Tron, or TON networks to trade USDT and then purchase BTC. Rather, users can now purchase and transfer Bitcoin and do so with the stablecoin on the same network. The change makes the reliance on centralized and decentralized exchanges less significant in terms of conversions and may lure the influx of more capital.

Tether highlighted the fact that the integration is a new frontier of Bitcoin as money. Storing and moving between BTC and USDT in the same wallet makes the user experience more convenient. More importantly, the combination of the unparalleled security of Bitcoin with the price stability of USDT gives a native financial layer that can increase adoption.

CEO Paolo Ardoino Weighs in on the Move

Tether CEO Paolo Ardoino emphasized that Bitcoin should have a native, private, scalable, and lightweight stablecoin. He also emphasized the point that RGB is the gateway that provides USDT with such an ability, and it makes the use of Bitcoin a more viable and robust application outside of investment. Ardoino framed the launch as a step toward building a freer financial system anchored on Bitcoin.

The timing also aligns with Tether’s growing footprint in the Bitcoin market. The company holds 77,780 BTC on its balance sheet, as revealed in its Q2 report. It also owns a majority share in Twenty One Capital. After being listed, the company would be the third-largest publicly held Bitcoin company, with 43,514 BTC. These assets highlight the long-term viability that Tether has on the future of Bitcoin.

Tether might also extend its domination in the stablecoin issuer status in the world by the native introduction of the USDT on Bitcoin. USDT has already become the fourth-largest cryptocurrency with a market cap of $167 billion; only BTC, ETH, and XRP have a higher one. The development of its base layer for Bitcoin would increase its functionality and precondition more profound liquidity in the markets.