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

Tether is preparing to reintroduce its USDT stablecoin on the Bitcoin network this month, according to CoinDesk. The token, which the report values at roughly $190 billion, will return to Bitcoin after an earlier USDT issuance on the chain was discontinued years ago. The move revives a direct link between the world's largest stablecoin and the oldest cryptocurrency network.

The development matters because it could broaden where USDT can be transferred and settled. Bitcoin's base layer is known for security and decentralization, though it is generally slower and costlier for everyday token transfers than networks built for high throughput. How Tether implements the return—and whether it uses Bitcoin's native token standards or a separate issuance layer—will shape the practical experience for users.

For market observers, the key questions are adoption and liquidity. Watch whether exchanges, custodians and payment providers support the Bitcoin-based version, and whether it attracts meaningful transfer volume rather than sitting idle. Also monitor fees and confirmation times, since those factors often determine whether a stablecoin rail gains real use. The launch itself is an infrastructure event; its significance will depend on uptake.