Tether announced plans to bring USDT to Bitcoin's RGB protocol, emphasizing the combination of Bitcoin's security with USDT's stability and secure, sovereign transaction capabilities, including offline sending and receiving.
According to the announcement on Tether's official blog on August 28, RGB mainnet version 0.11.1 has launched; integrating USDT into RGB expands the ability to store and convert between USDT and Bitcoin in the same wallet.
MAIN CONTENT
Tether announces the deployment of USDT on Bitcoin's RGB protocol.
RGB mainnet version 0.11.1 has been launched, supporting the issuance of digital assets on Bitcoin.
Users can simultaneously hold and transfer USDT and Bitcoin in the same wallet, benefiting from privacy, sovereign transactions, and offline sending and receiving.
What has Tether announced about the issuance of USDT on RGB?
According to Tether's official blog, the company announced plans to bring USDT to the RGB protocol and noted that RGB mainnet version 0.11.1 has been deployed.
The announcement specifies that the goal is to combine Bitcoin's security with USDT's stability while expanding transaction and storage capabilities for users within the Bitcoin ecosystem.
"RGB mainnet version 0.11.1 has just been launched. By bringing USDT to RGB, Tether is helping to open new horizons for currency on Bitcoin. Users will be able to hold and transfer USDT and Bitcoin simultaneously in the same wallet, enjoying the advantages of privacy and sovereign transactions, and even sending and receiving value when offline. Combining Bitcoin's security with Tether's stability is an important step towards the true integration of stablecoins in the Bitcoin ecosystem."
– Tether, issuer of USDT, August 28, Tether's official blog
What is RGB and how does it differ from previous solutions?
RGB is a new generation protocol for issuing digital assets on Bitcoin, as described in Tether's announcement.
This protocol aims to enable the issuance of tokens on the Bitcoin platform while retaining the security characteristics of the underlying chain, providing more private transaction capabilities and an off-chain operation mechanism suitable for wallets and payment applications.
What benefits will users receive when USDT runs on RGB?
According to Tether, users can simultaneously hold and transfer USDT and Bitcoin in the same wallet, benefiting from privacy, sovereign transactions, and offline sending and receiving capabilities.
This could help simplify the wallet experience, reduce friction in the flow of value between cryptocurrencies and stablecoins, and leverage Bitcoin's safety for more stable assets.
What does this mean for the Bitcoin ecosystem and cryptocurrency?
Tether asserts that this move is an important step towards deeper integration of stablecoins into the Bitcoin ecosystem.
The collaboration between a popular stablecoin and an asset issuance protocol on Bitcoin could open up more payment options, value preservation, and financial applications for developers and users, while enhancing interaction between asset layers within the same wallet or application.
Frequently Asked Questions
Has USDT on RGB officially gone live yet?
According to the announcement on Tether's official blog on August 28, RGB mainnet version 0.11.1 has launched, and Tether plans to implement USDT on this protocol.
What do users need to do to hold USDT and Bitcoin simultaneously?
It is necessary to use a wallet that supports RGB and USDT as recognized by Tether and the RGB developers; the announcement recommends operating in compatible wallets to hold and transfer both assets simultaneously.
How do offline transactions work on RGB?
Tether mentions the ability to send and receive value when offline as one of the advantages; technical details and implementation depend on the wallets and applications that support RGB.
Source: https://tintucbitcoin.com/tether-dua-usdt-len-rgb-bitcoin/
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