According to a press release sent to Bitcoin Magazine recently, the team behind Tricorn (currently taking part in Utexo) completed its first RGB Bridge Live in Bitcoin and made its debut with the relocation of Tether (USDT) from Ethereum to RGB. This is when USDT was issued as an RGB asset in Bitcoin and was first issued for immediate settlement via RGB Lightning.
“This milestone allows Bitcoin to capture stub coinflows while maintaining the invariance of privacy, independence and Bitcoin settlement,” the announcement said. “The fees are low, payments are fast, and the design is peer-to-peer.”
The Ethereum-to-RGB bridge allows Stablecoins and other digital assets to move through RGB into the Bitcoin ecosystem. Once bridged, the assets act as RGB tokens, and can be used to settle directly in a chain using RGB lightning or move instantly. This innovation aims to bring a large amount of stable liquidity to Bitcoin without relying on custodians or intermediaries.
LNFI has already announced plans to use the bridge to move USDT from Ethereum to RGB Lightning. “As our strategic partner, LNFI is focused on unlocking RGB Lightning's multi-asset distributed finances, safely bridging USDT to RGB Mainnet from supported blockchains via Tricorn,” the release states. LNFI uses Bridged USDT as Astra Labs' Lightning Service Provider (LSP) to enable “instant, private, inexpensive, reliable stub coin swap between supported blockchains and RGB Lightning networks.”
This integration paves the way for advanced Defi, payment, and trading use cases by enabling fluid assets movement between EVM blockchain, RGB, and RGB lightning. In particular, this launch brings the liquidity of USDT wrapped in Bitcoin, ahead of Tether's official RGB issue.
The RGB architecture is designed to focus on privacy and sovereignty. Client-side verification uses Bitcoin as a settlement anchor. According to the release, assets are by default under Private by default.
Developers can integrate RGB bridges into wallets, markets and other protocols to enable users to efficiently and personally bridge, retain and trade assets such as Bitcoin USDT.
The engineering team behind Tricone is currently part of UTEXO, and is using RGB to develop an interface for private Bitcoin Defi. Utexo says it will quickly provide simple tools for exchanging, transferring and managing bridged assets, making the technology accessible to a larger audience.
Ethereum-to-RGB Bridge is live today for developers and closer communities, with additional networks being added soon, adding wider public access via Horizon's Utexo.
This post First RGB Bridge brings USDT from Ethereum to Bitcoin via Lightning.
