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News

Tether’s CTO Reveals Plans For RGB-USDT And 3 New Products

August 18, 2023 - Around 2 mins mins to read

Key Points:

  • Tether ends support for 3 blockchains, including Bitcoin Omni USDT.
  • CTO Paolo Ardoino announces active contribution to development of Bitcoin extension protocol RGB.
After closing the Bitcoin Omni USDT, Tether CTO Paolo Ardoino said they are actively contributing to developing the Bitcoin extension protocol RGB to list RGB USDT in the future. In addition, Tether will release 3 large products before the end of this year.
Tether's CTO Reveals Plans For RGB-USDT And 3 New Products

Tether, the issuer of the USD-pegged stablecoin USDT, announced that it is ending its support for three blockchains, including OmniLayer, BCH-SLP, and Kusama.

Customers can still redeem and swap existing USDT tokens on those blockchains, but Tether won’t issue any new USDT on them. This decision was made due to the challenges faced by the Omni Layer over the years, including the lack of popular tokens and the availability of USDT on other blockchains.

Tether’s CTO, Paolo Ardoino, said that the company is actively contributing to the development of the Bitcoin extension protocol RGB, which will list RGB USDT in the future. Tether plans to release three large products before the end of the year.

In fact, we are actively contributing to developing RGB, alongside to bitfinex and Fulgur Ventures, a client-side validated state and smart contracts system operating on Layer 2 and 3 of the Bitcoin ecosystem.

Paolo Ardoino wrote

RGB is a client-side validated state and smart contracts system operating on Layer 2 and 3 of the Bitcoin ecosystem. It functions both on-chain (Bitcoin L1) and on the Lightning Network, promising unparalleled scalability.

Tether firmly believes that RGB will usher in a new era for digital assets, smart contracts, and digital rights, garnering comprehensive support from major players in the industry. Once USDT on RGB goes live, the world will witness USDT on another super-powerful and scalable Bitcoin layer.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

Tether’s CTO Reveals Plans For RGB-USDT And 3 New Products

Key Points:

  • Tether ends support for 3 blockchains, including Bitcoin Omni USDT.
  • CTO Paolo Ardoino announces active contribution to development of Bitcoin extension protocol RGB.
After closing the Bitcoin Omni USDT, Tether CTO Paolo Ardoino said they are actively contributing to developing the Bitcoin extension protocol RGB to list RGB USDT in the future. In addition, Tether will release 3 large products before the end of this year.
Tether's CTO Reveals Plans For RGB-USDT And 3 New Products

Tether, the issuer of the USD-pegged stablecoin USDT, announced that it is ending its support for three blockchains, including OmniLayer, BCH-SLP, and Kusama.

Customers can still redeem and swap existing USDT tokens on those blockchains, but Tether won’t issue any new USDT on them. This decision was made due to the challenges faced by the Omni Layer over the years, including the lack of popular tokens and the availability of USDT on other blockchains.

Tether’s CTO, Paolo Ardoino, said that the company is actively contributing to the development of the Bitcoin extension protocol RGB, which will list RGB USDT in the future. Tether plans to release three large products before the end of the year.

In fact, we are actively contributing to developing RGB, alongside to bitfinex and Fulgur Ventures, a client-side validated state and smart contracts system operating on Layer 2 and 3 of the Bitcoin ecosystem.

Paolo Ardoino wrote

RGB is a client-side validated state and smart contracts system operating on Layer 2 and 3 of the Bitcoin ecosystem. It functions both on-chain (Bitcoin L1) and on the Lightning Network, promising unparalleled scalability.

Tether firmly believes that RGB will usher in a new era for digital assets, smart contracts, and digital rights, garnering comprehensive support from major players in the industry. Once USDT on RGB goes live, the world will witness USDT on another super-powerful and scalable Bitcoin layer.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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