Tether CEO: RGB protocol represents 'best opportunity' for stablecoin issuance on Bitcoin

Tether’s new CEO Paolo Ardoino said in an interview that the RGB protocol represents the “best opportunity” for issuing stablecoins on Bitcoin. Ardoino believes that RGB will be the “legitimate successor” after Tether stops using Omni to issue USDT. Ardoino said: “Regarding Omni, we believe that RGB actually represents the best opportunity to have a modern, scalable, client-side smart contract system. In fact, many big names in the Bitcoin community support RGB, and we believe that RGB integrates all With the right elements, it can become the rightful successor to the Omni." It is reported that RGB is a smart contract system and off-chain protocol for Bitcoin and Lightning Network, allowing the mining and issuance of Bitcoin-based digital assets. Bitcoin advocate Giacomo Zucco originally envisioned it in 2016 as a "non-blockchain asset system," leveraging early ideas from Bitcoin Core developer Peter Todd, according to its website. (The Block) According to previous news, Paolo Ardoino said that he is actively developing RGB with Bitfinex and will reissue USDT on the Bitcoin RGB protocol in the future.