Stablecoin giant Tether is pushing further into the Bitcoin ecosystem, announcing on Thursday that it would make its USDT token available on the largest crypto network via the RGB protocol. RGB allows users to issue assets on the blockchain, opening “the door for stablecoins to exist natively on Bitcoin,” Tether said in a press release.
“For Tether, this means USDT can be transacted directly on the world’s most secure and decentralized network, bringing fast, private, and lightweight payments to billions of people globally,” the company said in the release. The announcement comes nearly eight months after Tether said that it was making its main crypto product available on the Bitcoin blockchain via Lightning, a Layer 2 network that aims to speed up transactions. That integration marked a significant milestone for both Tether and Bitcoin, two dominant forces in crypto that had yet to combine forces.
