San SalvadorA $184 billion stablecoin returns to Bitcoin after 12 years.
Tether’s token on Bitcoin is a dollar claim on the company, with no exposure to Bitcoin’s price.
Utexo, a Tether-backed issuer, uses the RGB protocol, which keeps most transfers off Bitcoin’s main chain and pays miners little.
Tether has named no exchange or payment company that will support the Bitcoin version.
Tether publishes its token’s supply on each network, so Bitcoin’s share by March 2027 will show adoption.
How each outlet framed it
- Aol
- emphasizes adoption barriers: RGB protocol minimizes miner incentives, 92% of Salvadorans skipped Bitcoin in 2024, no exchange support
Sources: Aol