A Tether-backed project, Utexo, plans to support private USDT transfers, direct swaps between BTC and USDT and loans backed by BTC, while keeping most transaction data off Bitcoin’s public ledger.
source https://www.coindesk.com/tech/2026/09/29/tether-s-usdt-is-coming-home-to-bitcoin-this-month-after-more-than-a-decade
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