Overview
- Utexo says it will begin issuing USDT on Bitcoin in October 2026 using the RGB protocol so most transaction details stay off Bitcoin’s public ledger.
- The project says it holds a commercial license from Tether and raised $7.5 million after being founded in 2025 to build exchange, wallet and payments infrastructure.
- Utexo’s design anchors asset ownership to unspent transaction outputs (UTXOs), which lets counterparties validate transfers client‑side without publishing balance changes on-chain.
- For compliance the system will blacklist specific UTXOs tied to illicit or sanctioned activity so those coins become unredeemable rather than freezing whole addresses.
- Utexo projects use cases that include private USDT transfers, native BTC–USDT swaps and loans collateralized by native bitcoin, and it reports interest from more than 450 businesses while broader exchange and institutional integrations remain unconfirmed.