ChainCatcher report: Tether-supported Utexo has opened early access to Utexo Mint, allowing professional operators to test the cross-chain version of USDT on the Bitcoin Signet testnet, with an official launch date set for November 28. Within the Bitcoin Signet sandbox environment, operators can test minting, private transfers, and redemption functions. Utexo will also provide tools to manage cross-network liquidity and enable fiat-to-Utexo cross-chain USDT conversions. Previously, it was announced that Tether-supported Utexo plans to launch USDT on the Bitcoin network this month, supporting private transfers and direct BTC exchanges.
Utexo, backed by Tether, launches early access to Utexo Mint for Bitcoin Network USDT
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Summary
Utexo, backed by Tether, has launched early access to Utexo Mint, allowing operators to test cross-chain USDT on Bitcoin Signet. The official release is scheduled for November 28. Participants can test minting, private transfers, and redemption within the Bitcoin Signet environment. Utexo will also provide tools for cross-network liquidity and fiat-to-USDT conversion. The project aligns with recent Bitcoin news regarding a network upgrade and plans to issue USDT on the Bitcoin network this month.
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