According to U.Today, the largest USD stablecoin has deployed its transaction functionality onto the Bitcoin network as of October 2 morning.
On the same day, Bitcoin price reached $86,600 following the release of the U.S. Jobs report. Additionally, officials from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are drafting joint regulatory rules related to crypto activities.
The deployment marks a return of this stablecoin’s primary operational layer to Bitcoin after a period spanning 12 years. The move occurs alongside broader market activity noted in the morning update, including price movement of BTC and concurrent development in U.S. regulatory coordination.
