what's RGB Protocol?
RGB is a protocol for scalable and confidential smart contracts built on Bitcoin and the Lightning Network. It employs client-validated state machines where contract state and logic remain fully off-chain, with only cryptographic commitments settled on Bitcoin for finality. This design eliminates trusted federations, enables limitless throughput, and ensures privacy by default, as transaction details are not visible on-chain. Assets like tokens, NFTs, and stablecoins (e.g., USDT via recent integrations) can be issued and transferred peer-to-peer using Lightning for instant, low-cost operations. RGB supports complex programmability while leveraging Bitcoin's security, with ongoing developments like RGB 1.0 enhancing usability across wallets and layers.
RGB Protocol received $7.5M funding co-led by Tether for native USDT settlements on Bitcoin.
Links
x.com/rgbconsortiumReceived $7.5M funding co-led by Tether in Utexo to bring native USDT settlements directly on Bitcoin via RGB and Lightning.
Developer completes multiple fixes and lists remaining development tasks including wallet algorithm UI integration, web porting, co-sign process optimization (from 4 to 1-2 round trips), transaction scaling, debug options, and VTXO/RGB wrapper implementation.
Second frame airdropped to CD holders, with one frame remaining in series.
Fundraiser blind mint sells out in 20 minutes, demonstrating strong demand.