Utexo Sets $1 Billion Goal for Bitcoin-Based USDT Within 12 Months

Utexo is targeting at least $1 billion in Tether USDt (USDT) on Bitcoin (BTC) within 12 months, setting an adoption goal for a product still being tested on Bitcoin Signet. Utexo co-founder and CEO Viktor Ihnatiuk called that figure the company’s minimum milestone. “I would love to achieve our minimum milestone of $1 billion USDT on the Bitcoin network in the next 12 months,” he said. Ihnatiuk also said Utexo is working with 12 over-the-counter network partners and has 40 more in its pipeline. The $1 billion figure is a target, not evidence of existing balances on Bitcoin.