Tether’s USDT Is Coming To Bitcoin – But Will It Finally Make Sense? 💸

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Tether just dropped a bombshell: USDT is coming to Bitcoin’s RGB protocol! 🚀 Now you can hold both BTC and USDT in the same wallet. Because who doesn’t want to juggle two cryptocurrencies like a digital circus performer? 🎪

Bitcoin Users Will Have Native Access To USDT Via RGB Protocol

As revealed by Tether in a website announcement, its stablecoin USDT will be coming to the RGB protocol. RGB allows users to create, send, and manage smart contracts directly on the BTC blockchain. Because nothing says “innovation” like making Bitcoin do the cha-cha. 💃🕺

The protocol launched on the BTC mainnet in July with its 0.11.1 release. Thanks to this release, stablecoins, non-fungible tokens (NFTs), and community tokens are all now possible natively on the BTC network, just like on Ethereum and other newer blockchains. 🤯 (But why didn’t Bitcoin think of this earlier?)

Something to note is that RGB isn’t a network layer on top of Bitcoin. Rather, it makes use of only client-side validation to confirm transactions. “RGB operates with no trusted third parties, no federations, no validators, and no coordinators,” said RGB Hub in the 0.11.1 launch announcement. Because who needs stability when you can have a chaotic dance party? 🕺

USDT is the largest stablecoin in the cryptocurrency sector, circulating on a slew of networks, and with Tether’s latest move, the token would finally become accessible to users of the original digital asset, Bitcoin. 🙃 (Finally! Now we can all be equally confused.)

Tether noted in the press release:

This announcement underscores Tether’s leadership in expanding the reach of stablecoins and its commitment to ensuring Bitcoin remains not only the original cryptocurrency but also the bedrock for global, everyday money.

So far, the stablecoin issuer hasn’t confirmed any date, but once launched, users will be able to hold and transfer both BTC and USDT directly from the same wallet. Paolo Ardoino, Tether CEO, said:

Bitcoin deserves a stablecoin that feels truly native, lightweight, private, and scalable. With RGB, USD₮ gains a powerful new pathway on Bitcoin, reinforcing our belief in Bitcoin as the foundation of a freer financial future.

In some other news, the Bitcoin spot exchange-traded funds (ETFs) have seen their largest drawdown from the all-time high (ATH) since April, as CryptoQuant community analyst Maartunn has pointed out in an X post. 📉 (Because nothing says “excitement” like watching your investments melt.)

As displayed in the above chart, the spot ETFs currently have their holdings around $813.9 million down since the peak. These latest outflows have occurred alongside BTC’s price decline. 🤡 (It’s like watching a trainwreck, but with numbers.)

Another thing that has come with the drawdown in the cryptocurrency is a surge in long liquidations. As quant Frank has noted in an X post, long liquidations recently hit their highest level of dominance in four years. 🧠 (Because who doesn’t want to watch their bets get wiped out?)

The last time that long liquidations were this dominant was in May 2021. Back then, bulls were flushed by a massive crash in the Bitcoin price that put the bull run on pause for a few months. 🐂 (RIP, hope you’re having a good time in the afterlife.)

BTC Price

Bitcoin has slowly been climbing up since its low earlier in the week as its price has now reached the $112,400 mark. 📈 (It’s like watching a toddler take its first steps – slow, wobbly, but somehow, you’re rooting for it.)

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2025-08-29 09:15