Tether announces RGB protocol plan, $167 billion USDT natively launching on Bitcoin.

CN
4 hours ago

Bitcoin, as the "gold" of the digital world, has long been positioned primarily as a store of value. However, this traditional perception is about to be overturned! On August 28, the world's largest stablecoin issuer, Tether, announced plans to launch $167 billion USDT on the RGB protocol, marking its first native issuance on the Bitcoin network. RGB, as the next-generation protocol for issuing digital assets on Bitcoin, has officially launched its mainnet, which will bring disruptive changes. This "nuclear-level" layout not only means that users will be able to hold and transfer USDT and Bitcoin in the same wallet, but it also signifies that Bitcoin will no longer be merely a means of value storage; it is expected to become the foundational layer for everyday digital payments, igniting a "digital gold" payment revolution!

  1. Tether's "Nuclear-Level" Layout: $167 Billion USDT Natively Launches on Bitcoin

Official Announcement: On August 28, Tether announced plans to launch USDT on RGB, which is the next-generation protocol for issuing digital assets on Bitcoin.

First Native Deployment: This marks the first local deployment of a major stablecoin on the Bitcoin network, rather than through sidechains or wrapped assets.

Vision of Tether CEO Ardoino: Tether CEO Paolo Ardoino stated, "Bitcoin deserves a truly native, lightweight, private, and scalable stablecoin. The launch of RGB provides a powerful new path for USDT on Bitcoin, further strengthening our belief in Bitcoin as the cornerstone of a freer financial future."

Massive Market Cap: Tether's USDT market cap exceeds $170 billion, dominating small retail wallets, which could significantly broaden its asset applications within the Bitcoin ecosystem.

  1. RGB Protocol: The "Unsung Hero" of the Bitcoin Payment Revolution

Core Functionality: RGB is an asset issuance protocol designed to operate across Bitcoin and the Lightning Network. It no longer records token data on-chain but anchors proofs to Bitcoin transactions while keeping transaction details on user devices. This model can reduce blockchain congestion, enhance privacy, and enable near-instant Lightning payments.

Mainnet Officially Launched: RGB recently released version 0.11.1, and the mainnet is officially online, designed to ensure that Bitcoin is no longer merely a means of value storage.

Transformation of Bitcoin's Role: The RGB Association states that its features highlight that Bitcoin's role is no longer just a means of value storage. With RGB, the network can now support stablecoins, tokenized assets, and programmable contracts without changing consensus rules.

Cross-Chain Potential: Notably, early demonstrations even included real-time bridging of USDT from Ethereum to RGB, indicating cross-chain potential.

  1. Why Is This Important? Bitcoin Will Become the Foundational Layer for Everyday Digital Payments

By anchoring its stablecoin to Bitcoin, Tether is effectively testing whether the world's most secure blockchain can serve as the foundational layer for everyday digital payments.

Unified Wallet: The integration of stablecoins means that Bitcoin users will be able to store USDT and BTC in the same wallet, send private transactions with hidden balances, and use Lightning channels for instant settlements.

Core Financial Infrastructure: Therefore, if wallets and merchants adopt it, stablecoins on Bitcoin could evolve from an experiment into a core part of its financial infrastructure.

Strategic Significance for Tether: For Tether, with a token market cap exceeding $170 billion and dominating small retail wallets, this could significantly broaden its asset applications within the Bitcoin ecosystem.

  1. Tether's Ongoing Expansion: 1 Billion USDT Newly Minted

New Minting: On August 28, Tether Treasury minted an additional 1 billion USDT on the Ethereum chain. This indicates that Tether is still expanding its stablecoin supply to meet market demand.

Conclusion:

Tether's announcement to launch $167 billion USDT on the RGB protocol is a milestone event in the history of Bitcoin's development. The debut of the RGB protocol will ensure that Bitcoin is no longer merely a means of value storage but is expected to become the foundational layer for everyday digital payments, igniting a "digital gold" payment revolution. This "nuclear-level" layout will not only overturn traditional perceptions of Bitcoin but will also profoundly impact the global digital financial landscape.

Related Reading: USDT0 and XAUt0 stablecoins launched on the Polygon network

Original Article: “Tether Unveils RGB Protocol Plan, $167 Billion USDT to Natively Launch on Bitcoin”

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