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

Tether is set to reintroduce its USDT stablecoin on the Bitcoin network this month, according to CoinDesk. The token, which carries a circulating supply of roughly $190 billion, previously existed on Bitcoin through the Omni Layer but was phased out in favor of networks such as Ethereum and Tron.

The move matters because it returns a major stablecoin to Bitcoin's base layer, where settlement relies on Bitcoin's own security and consensus rather than a separate chain. For market observers, the key question is how much USDT activity actually migrates to Bitcoin, and whether that adds meaningful liquidity or simply offers another issuance rail alongside existing networks.

What to watch: the technical standard Tether uses for the Bitcoin deployment, early issuance and redemption volumes, and whether exchanges and custodians support deposits and withdrawals. Those details will shape whether the relaunch becomes a durable part of Bitcoin's stablecoin ecosystem or a niche addition.