“I can’t speak for Tether directly, but my personal observation is that Bitcoin is a big priority for them, and it’s our job to make USDT as accessible on Bitcoin as it is everywhere else,” Ihnatiuk added.
Privacy twist
Utexo’s aims to accomplish this by creating an architecture for the stablecoin that is more confidential than its equivalent on Ethereum or Tron.
Its RGB protocol will employ client-site validation to keep transaction data largely off Bitcoin’s public ledger, with ownership anchored in unspent transaction outputs (UTXOs), the chunks of bitcoin left over from transactions, similar to change from a cash purchase.
While networks like Ethereum and Tron rely on account-based models that share balance updates and transactions on public ledgers, Utexo’s architecture takes a different approach. Combining RGB’s client-side validation with Bitcoin’s UTXO model means transaction details stay entirely off-chain…
