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Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch

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Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch

Bitcoin Magazine

Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch

Professional operators can now test USDT on Bitcoin and get their integrations ready for November’s public launch.

Utexo has opened Utexo Mint, its dedicated platform for professional operators preparing to support and offer USDT on Bitcoin. The public launch is scheduled for November 28.

The return of USDT creates an opportunity to bring dollar liquidity into the Bitcoin ecosystem, opening new markets for trading and BTC-backed lending. Operators who integrate early can be among the first to offer USDT on Bitcoin, “positioning themselves to capture initial demand and build market share as adoption grows,” according to a press release shared with Bitcoin Magazine.

Utexo says existing partners are already preparing for the launch, as it is opening onboarding to exchanges, wallets, market makers, OTC desks, trading firms, and other professional operators interested in supporting USDT on Bitcoin.

Utexo Mint is a dedicated platform for verified operators to mint and redeem USDT on Bitcoin.

Within its sandbox environment, operators can test how USDT works on Bitcoin via RGB, including “minting, confidential transfers, and redemption.” The testing period should give operators time to validate their transaction flows and finalize their integrations ahead of the launch.

Utexo said they will also offer tools to manage USDT liquidity across supported networks and convert between fiat and USDT, giving operators greater flexibility in how they source and move funds. While Utxo Mint is not owned or operated by Tether, USDT on Bitcoin is nevertheless backed by USDT via Tether’s USDT0 protocol.


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