Utexo has opened early access to Utexo Mint, a platform designed to help professional market participants prepare for the planned November 28 public launch of USDT on Bitcoin. Exchanges, wallets, market makers, over-the-counter desks, trading firms and other operators can now test the system and complete their integrations before the service becomes publicly available.
The initiative is aimed at bringing dollar-denominated stablecoin liquidity back to Bitcoin. According to Bitcoin Magazine, Utexo says the launch could support new activity in areas such as trading and lending backed by Bitcoin, while giving early participants the opportunity to offer USDT on Bitcoin as adoption develops.
How Utexo Mint works
Utexo Mint is intended for verified professional operators that want to mint and redeem USDT on Bitcoin. Its early-access environment is a sandbox, allowing participants to test the stablecoin’s operation through RGB, the protocol being used for the Bitcoin implementation.
Testing includes three core functions:
- Minting USDT on Bitcoin
- Making confidential transfers
- Redeeming the stablecoin
The testing period is designed to let operators check their transaction processes, identify integration issues and prepare their infrastructure ahead of the November launch. Utexo said existing partners are already working toward the rollout, while onboarding is now being opened to additional businesses that want to support the asset.
Utexo also plans to provide tools for managing USDT liquidity across supported networks and for converting between fiat currency and USDT. These features are intended to give participating businesses more options when sourcing and moving funds.
USDT is a stablecoin designed to track the value of the US dollar. In this case, the Bitcoin version is being launched by Utexo rather than Tether. Utexo Mint is not owned or operated by Tether, although Utexo says USDT on Bitcoin is backed by USDT through Tether’s USDT0 protocol.
Two-stage rollout and privacy features
The first phase is scheduled for November 28, when USDT is expected to become publicly available on Bitcoin through RGB. Access will be provided through partner wallets and exchanges, with the launch also intended to support swap providers and lending platforms.
A second phase is planned for the first quarter of 2027. Utexo says this stage will extend USDT to the Lightning Network, where it is intended for payments.
The project marks a return for USDT to Bitcoin, the network where the stablecoin first launched in 2014. Utexo describes the Bitcoin implementation as “private by design,” saying users will be able to hold and transfer funds without publicly revealing transaction details.
The RGB version also differs from USDT implementations on EVM-based blockchains in how it handles addresses. Utexo says it avoids address reuse, which it identifies as a serious privacy weakness and a practice that could expose holders to risks associated with quantum computing.
Utexo said the system is intended to combine privacy with compliance controls. Businesses will be able to protect sensitive commercial activity while retaining measures needed for regulatory requirements. In comments reported by Bitcoin Magazine, Utexo said it monitors incoming USDT, checks its anti-money-laundering score and monitors risk on the RGB side. The company also said it has partnered with Crystal Intelligence for AML services.
Moneyiar market picture
Moneyiar data recorded at 23:38 on October 22, 2026, showed Bitcoin at $81,208.783536513, down 3.61% over 24 hours and 1.11% over seven days. Tether USDt was priced at $0.9986786744, with a 24-hour decline of 0.05% and a seven-day decline of 0.02%.
The same Moneyiar data showed Celestia at $0.5571127559, down 7.24% in 24 hours and 5.33% over seven days. Ethereum Name Service stood at $5.4918870117, down 4.64% over both periods.
The scheduled Bitcoin launch gives professional operators several weeks to test the infrastructure before public access begins. If the rollout proceeds as planned, users will first encounter USDT through partner wallets, exchanges and related liquidity venues, followed by the planned Lightning expansion for payments in early 2027.
