Utexo Bets on Privacy to Bring USDT Back to Bitcoin
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Dubai-based startup Utexo plans to bring Tether's USDT back to Bitcoin using the RGB protocol, with a public launch set for November 28 and Lightning support expected in Q1 2027. Tether led the startup's $7.5 million seed round. Bridge risk and limited DeFi support remain hurdles in a stablecoin market of roughly $300 billion.