Tether-backed Utexo to launch bridged USDT on Bitcoin on November 28

Utexo, a Tether-backed project, will launch a bridged USDT token on Bitcoin on November 28. The token uses the RGB protocol and is backed by USDT0 locked on Arbitrum, with professional operators able to test it now on Bitcoin Signet. It expands USDT's reach onto Bitcoin's network, though the testnet phase and bridged structure limit near-term market impact.