Tether’s USDT is set to return to the Bitcoin network this month, more than a decade after the stablecoin first debuted there, according to CoinDesk. The move is tied to Utexo, a project backed by Tether, which plans to roll out several Bitcoin-based functions around the token. Those include private USDT transfers, direct swaps between BTC and USDT, and loans backed by BTC. CoinDesk also said Utexo intends to keep most transaction data off Bitcoin’s public ledger. The article was written by Jamie Crawley and edited by Stephen Alpher. CoinDesk published the report on Oct. 2, 2026. The development points to a renewed push to use Bitcoin infrastructure for stablecoin activity rather than limiting USDT to other blockchain networks.
Tether’s USDT is set to return to Bitcoin this month, more than a decade after the stablecoin first debuted on the network, according to CoinDesk.
A Tether-backed project, Utexo, plans to support private USDT transfers, direct swaps between BTC and USDT, and loans backed by BTC.
CoinDesk said most transaction data will be kept off Bitcoin’s public ledger.
The report was written by Jamie Crawley and edited by Stephen Alpher. CoinDesk published it on Oct. 2, 2026.
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