Tether’s $190 billion USDT stablecoin is coming back to the Bitcoin network this month - CoinDesk

Tether plans to reintroduce its USDT stablecoin on the Bitcoin network this month, according to CoinDesk, bringing a token with roughly $190 billion in circulating supply back to Bitcoin after an earlier absence. The move matters because USDT is the largest stablecoin by market value and a core piece of trading infrastructure, so where it can settle influences how liquidity moves across venues.

For Bitcoin, the development highlights the network's role beyond simply holding or transferring BTC. Issuing a stablecoin on Bitcoin typically relies on layers or token protocols built on top of the base chain, which can broaden what users do with assets held in that ecosystem. It may also shift some stablecoin activity currently concentrated on other chains.

What to watch: the specific technical standard Tether uses, which exchanges and custodians support it at launch, and whether meaningful USDT supply actually migrates to Bitcoin. Adoption, not the announcement itself, will determine the market impact.