TL;DR: KuCoin announced five new USDT-margined perpetual contracts for October 21, including products tracking Goldman Sachs shares and the leveraged MSTU ETF. The contracts offer up to 20x leverage in supported markets.

KuCoin is extending its derivatives menu further into traditional financial assets with five contracts scheduled for launch on Wednesday.

The exchange’s official listing notice names URNMUSDT, GSUSDT, MSTUUSDT, FWDIUSDT and USDEXUSDT. It sets a 09:00 UTC October 21 start and advertises leverage of up to 20 times, subject to regional availability.

Although KuCoin groups the products under a stock-index label, the disclosed references include individual companies and exchange-traded funds. They cover the Sprott Uranium Miners ETF, Goldman Sachs, the T-Rex 2X Long MSTR Daily Target ETF, Forward Industries and StablecoinX.

Price Exposure Without Share Ownership

A perpetual contract provides exposure to movements in its reference price. Buying one does not mean acquiring the underlying share or fund unit, and the economic result depends on the derivative’s own terms.

That distinction becomes particularly important for MSTU. The reference fund itself targets leveraged daily exposure to Strategy shares. A leveraged contract tracking that fund adds another layer of sensitivity; it is not equivalent to simply holding a conventional unleveraged stock position.

The 20x figure is an advertised maximum for the contracts, not a description of the risk every account will necessarily take. Position size, margin, liquidation rules and changes in the underlying price determine the exposure of an individual trade.

KuCoin lists round-the-clock trading and funding settlements every eight hours for the five contracts. That creates a calendar mismatch: the derivatives can remain active when the reference securities’ home markets are closed. The reference-price methodology matters particularly during those gaps.

Wednesday’s notice establishes the planned product additions and their stated specifications. It does not establish the depth of their order books or demonstrate that a large position could be entered and exited at a quoted price.

The practical expansion is access to more equity-linked exposures through USDT-margined contracts, with the risks of both the reference asset and the derivatives structure attached.

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This article was written by the News Desk and edited by Samuel Rae.

TL;DR: Tether says it led Peso’s pre-seed round to expand USDT payment infrastructure in Latin America. The announcement emphasizes local bank connections and merchant payments, without disclosing the investment amount.

Tether’s latest investment is aimed at the point where a dollar token becomes useful for buying lunch, paying a merchant or moving money into a local bank account.

The USDT issuer announced on October 21 that it led a pre-seed funding round in Peso, a Bolivian financial-technology company. Financial terms were not disclosed in the announcement.

Peso’s products include USDT accounts, point-of-sale acceptance and virtual accounts connecting to Bolivia’s banking system through QR and ACH payment arrangements, according to Tether. The company also describes an integration enabling food orders paid in USDT through Yango in Bolivia.

Funding is intended to expand local on- and off-ramps in Bolivia, Brazil, Colombia and Argentina, as well as merchant and account infrastructure.

The Difficult Part Comes At The Edges

Moving a stablecoin between blockchain addresses is only one part of a usable payment service. A customer may earn local currency, hold a dollar balance and pay a business that wants its proceeds in a bank account.

Connecting those steps determines whether the token works as spending money or remains an asset the customer must repeatedly convert and transfer. It also determines where costs appear: a cheap blockchain transaction does not guarantee an inexpensive conversion or withdrawal.

The announcement puts Peso’s local connections at the center of the investment case. That is a more specific proposition than simply adding another wallet capable of holding USDT.

However, product availability and commercial adoption are different measures. The funding release does not establish how frequently customers use the described services, how much merchants process through them or the all-in cost of a typical payment.

Those operating figures would show whether the investment is translating into routine spending. For now, Tether has disclosed a commitment to a payments provider and identified the infrastructure it wants that provider to expand.

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This article was written by the News Desk and edited by Samuel Rae.

Bitcoin Magazine

Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch

Professional operators can now test USDT on Bitcoin and get their integrations ready for November’s public launch.

Utexo has opened Utexo Mint, its dedicated platform for professional operators preparing to support and offer USDT on Bitcoin. The public launch is scheduled for November 28.

The return of USDT creates an opportunity to bring dollar liquidity into the Bitcoin ecosystem, opening new markets for trading and BTC-backed lending. Operators who integrate early can be among the first to offer USDT on Bitcoin, “positioning themselves to capture initial demand and build market share as adoption grows,” according to a press release shared with Bitcoin Magazine.

Utexo says existing partners are already preparing for the launch, as it is opening onboarding to exchanges, wallets, market makers, OTC desks, trading firms, and other professional operators interested in supporting USDT on Bitcoin.

Utexo Mint

Utexo Mint is a dedicated platform for verified operators to mint and redeem USDT on Bitcoin.

Within its sandbox environment, operators can test how USDT works on Bitcoin via RGB, including “minting, confidential transfers, and redemption.” The testing period should give operators time to validate their transaction flows and finalize their integrations ahead of the launch.

Utexo said they will also offer tools to manage USDT liquidity across supported networks and convert between fiat and USDT, giving operators greater flexibility in how they source and move funds. While Utxo Mint is not owned or operated by Tether, USDT on Bitcoin is nevertheless backed by USDT via Tether’s USDT0 protocol.

Bringing USDT Back Home to Bitcoin

USDT is returning to Bitcoin, where it first launched in 2014, bringing deep stablecoin liquidity to the ecosystem and expanding what businesses can do on the network. USDT on Bitcoin is launched by Utexo and not by Tether, the company clarified.

USDT on Bitcoin will be “private by design,” said the press release, allowing individuals to hold and transfer funds without publicly exposing their transaction details. Among the various technology differences between its Bitcoin implementation and that on EVM blockchains, RGB’s USDT avoids address reuse, the worst privacy practice and one which may even expose holders to quantum computer risks.

When it comes to compliance, the press release said businesses will be able to protect sensitive commercial activity while maintaining the controls required for regulatory compliance. When asked how privacy and compliance with sanctions and law enforcement can be offered as features at the same time, Utxo told Bitcoin Magazine, “We monitor all source USDT coming in, and check AML score + we monitor the risk on the RGB side too. We have a partnership with Crystal Intelligence for the AML”

The rollout will take place in two phases. The first begins on November 28, when USDT becomes publicly available on the Bitcoin network via RGB. The launch will make it accessible through partner wallets and exchanges, introducing new liquidity for swap providers and lending platforms.

The second phase, planned for Q1 2027, will extend USDT to the Lightning Network for payments, according to Utexo.

This post Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch first appeared on Bitcoin Magazine and is written by Juan Galt.

TL;DR

• Tether and Shiga are launching self-custodial financial products across Africa and the Gulf Cooperation Council.
• The products will use Tether’s Wallet Development Kit and support USDT, Bitcoin and Tether Gold.
• Shiga is building one product for end users and another infrastructure layer for banks and fintech companies.

Tether is moving its Wallet Development Kit from developer tooling into financial products aimed at users and institutions across Africa and the Gulf.

The company announced a collaboration with Shiga on September 28 to build self-custodial services supporting USDT, Bitcoin and Tether Gold.

The initiative follows Tether’s strategic investment in Shiga in 2025.

One Product Is For Users, Another Is For Banks

The collaboration centers on two products.

ENTA is designed for individuals, high-net-worth users and businesses.

Users will be able to fund self-custodial wallets using local currency, U.S. dollars or Bitcoin, then hold and transfer assets including USDT, BTC and XAUT.

Pulse is aimed at institutions.

Banks and fintech companies will be able to use it to build digital-asset services around specific payment corridors, treasury operations and settlement flows.

Both products use Tether’s open-source Wallet Development Kit, or WDK, underneath.

The self-custody element is important.

Users or institutions retain control of their keys and assets rather than relying on a centralized wallet provider to hold funds on their behalf.

Institutional customers can either use infrastructure managed by Shiga or deploy the technology inside their own environment.

Remittances Are A Major Target

Africa is an obvious market for this kind of infrastructure.

Tether cited World Bank data showing the average cost of sending remittances to Sub-Saharan Africa reached 8.46% in 2025.

Stablecoins can potentially reduce some of the friction involved in moving dollar-denominated value across borders, particularly where access to conventional dollar banking is limited.

That does not remove the regulatory layer.

Shiga says it is completing the final stage of approval for a Digital Asset Intermediary licence in Nigeria.

The licence has not yet been granted.

If approved, it would allow the company to provide regulated dealing, broking and custody services there.

The partnership is also broader than USDT.

Including Bitcoin and XAUT gives users access to three very different types of digital asset: a dollar stablecoin, a volatile decentralized asset and tokenized gold.

Tether has spent much of the year expanding WDK as infrastructure that other businesses can build on.

Shiga gives that strategy a concrete deployment.

Instead of asking users to download a Tether-branded wallet, Tether is providing the components for local companies and financial institutions to build their own.

This article was written by the News Desk and edited by Samuel Rae.

Learn when stablecoins work for cross-border payments and how businesses can compare settlement speed, FX costs, fees and liquidity with traditional payment rails.