Tether USDt plans a Bitcoin return in October: What it means for the Tether USDt price

Published on 10/23/2026 at 07:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A Bitcoin rollout uses RGB and a 7.5 million USD funding round. The Tether USDt price trades at 0.9990 USD as of October 23, 2026.

Bitcoin integration and market context

A network expansion was reported on October 2, 2026, with Utexo linked to a 7.5 million USD funding round.
Tracked exchange and lending platforms reduced their USDT balances by 4.6 billion USD through October 1, 2026.
The Tether USDt price stands at 0.9990 USD as of October 23, 2026.
USDT represented 84 percent of classified stablecoin payment value from January through September 2026.

Tether USDt, XCRYPTOUSDT4, Illustration mit AI erstellt.

Tether USDt (USDT) is set to return to the Bitcoin network in October through infrastructure provider Utexo, according to FinanceFeeds. The Tether USDt price trades at 0.9990 USD as of October 23, 2026, according to Investing.com.

Utexo brings USDT back to Bitcoin in October

On October 2, 2026, FinanceFeeds reported that Utexo planned to issue USDT on Bitcoin using RGB, a protocol that keeps most transaction information outside Bitcoin's public transaction record. The report said Utexo had obtained a commercial license to issue USDT and use Tether's trademark for services aimed at exchanges, wallets and payment providers.

Utexo's Bitcoin infrastructure is linked to a 7.5 million USD seed round that Tether co-led in March 2026, according to FinanceFeeds. The initial applications described in the report include private USDT transfers, direct swaps between native Bitcoin and USDT, and lending structures that use Bitcoin as collateral.

Exchange balances fell by 4.6 billion USD

A separate October 19, 2026 report from CryptoNews said 19 selected exchanges and lending platforms reduced their USDT balances by 4.6 billion USD during the third quarter. The same report said those institutions added 1.9 billion USD in competing stablecoins, including 569 million USD of USDC and 493 million USD of RLUSD.

The payment role of USDT remained substantial in a separate assessment. CryptoNews cited Allium data showing that stablecoins processed 482 billion USD in classified payments from January through September 2026, with USDT accounting for 84 percent. TokenPost reported that USDT and USDC together represented 84.7 percent of the 302.5 billion USD stablecoin market on October 17, 2026.

USDT trades at 0.9990 USD on October 23

The Tether USDt price is 0.9990 USD as of October 23, 2026, according to Investing.com. The daily high is 0.9996 USD and the daily low is 0.9990 USD for the UTC day. Market capitalization is 182.62 billion USD, ranking USDT third, while 24-hour volume is 73.23 billion USD. Circulating supply is 182.83 billion USDT, according to Investing.com.