Crypto Scenario Insights
What happened
Tether is launching USDT natively on Bitcoin using the RGB v0.11.1 protocol. While this offers private, Lightning-based settlements, its success depends on overcoming the entrenched network effects of stablecoin usage on…
What we think
The launch of USDT on Bitcoin via RGB is a significant technical milestone but has low immediate market impact. We assign a 60% probability to a neutral, slow-adoption scenario.
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USDT Returns to Bitcoin via RGB: Structural Utility or Niche Experiment?
We explain what happened and what could follow. We do not forecast prices.