
Tether's USDT Returns to Bitcoin This Month on Utexo's RGB Rail
Utexo, which raised $7.5 million in a round led by Tether, will issue USDT on Bitcoin's base layer in October. Tether cannot freeze a UTXO, so a blacklist does the work.
Altcoins, ETH & general crypto

Utexo, which raised $7.5 million in a round led by Tether, will issue USDT on Bitcoin's base layer in October. Tether cannot freeze a UTXO, so a blacklist does the work.

Isabel Schnabel set out direct issuance, an interoperability layer and privately issued settlement tokens at a Bank of England conference on Thursday.

HSBC said on 30 September its Hong Kong dollar stablecoin will be called RedCoin, due in the second half of 2026 through PayMe and its mobile app.

Lloyds settled $750,000 of live obligations with Visa in USDC over seven days. Funds landed in under an hour, weekends included.

Florida's payment stablecoin regime took effect on 1 October. Issuers need a state licence, one-to-one reserves and monthly accountant examinations.

South Korea's FSC said Monday it will review letting market makers quote digital assets, eleven days after the yen stablecoin JPYC peaked at 37.6 won on Upbit.

The protocol is running a delta-neutral trade on Binance bStocks against equity perpetuals. Accounts of what that trade returned over six months do not agree.

Two proposals set a 2% capital charge on the first $20 billion outstanding and a two-business-day redemption window. The comment clock runs 60 days.

Binance bought 1.24 million Circle shares for $100 million and agreed to promote USDC for five years. Reports of the fee terms point in opposite directions.

The AUSD issuer Agora and two other applicants won preliminary conditional OCC approval for national trust banks. None can open yet.

Circle Mint clients can now deposit bitcoin, mint cirBTC and borrow USDC on Morpho. The lending market, not Circle, sets the rates.

Vertex led the first tranche in April and Japan's SBI anchored the extension. Valuation, revenue and transaction volume were all withheld.