Key highlights:
- Tether’s USDT will make a return to Bitcoin via the RGB protocol
- Bitcoin has to go head-to-head with Tron to emerge as the dominant blockchain for USDT
- USDT continues to trail USDC in stablecoin transaction volume in 2026
Emerging reports indicate that Tether-backed Utexo will issue the USDT stablecoin on
For context, USDT led the market with 90% of global transaction volumes in 2020 while USDC accounted for under 10%. Circle CEO Jeremy Allaire cited “network effects and general platform utility combined with liquidity and regulatory clarity” as reasons for USDC’s recent dominance.
Meanwhile, USDT woes continue after Tether failed to get MiCA approval before the July 1 deadline, losing the entire EU market. Furthermore, ex-Tether CIO Richard Heathcote has put things in motion to sell part of his stake in the USDT issuer.
Despite the dominance of both stablecoin issuers, OpenUSD is tipped to snag market share from USDT and USDC. OUSD has since garnered a raft of institutional support, including finance sector heavyweights and technology companies
Source:: Tether to Revive USDT on Bitcoin With RGB Rollout After Nine Years