According to GlobeNewswire, Solv Protocol has announced a strategic integration with Utexo to launch a native Bitcoin yield solution based on the RGB protocol and the Lightning Network, enabling atomic swaps between native BTC and USDT without the need for wrappers, cross-chain bridges, or custodians. The solution emphasizes self-custody, privacy, and final settlement, aligning with Tether’s previously announced plan to natively issue USDT on RGB-compatible Lightning Network. Additionally, Solv has participated as a strategic angel investor in Utexo’s $7.5 million seed round, led by Tether.
Solv Protocol integrates Utexo to launch a native Bitcoin yield scheme via RGB and the Lightning Network.
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Summary
Solv Protocol has rolled out a protocol update to integrate Utexo and launch a native Bitcoin yield scheme using the RGB protocol and Lightning Network. The upgrade enables direct BTC and USDT conversions via atomic swaps, eliminating the need for wrapping, bridges, or custodians. This enhances self-custody and privacy, aligning with Tether’s plan to issue USDT natively on RGB-compatible Lightning. Solv has also joined as a strategic angel investor in Utexo’s $7.5 million seed round, led by Tether.
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