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, 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.

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.

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

36 minutes ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

2 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

2 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

2 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

4 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

4 hours ago

This website uses cookies.