Tether invests in Utexo, a startup enabling USDT settlement on Bitcoin

Tether, the largest stablecoin issuer, has co-led a $7.5 million funding round in Utexo, a startup specifically founded to build infrastructure for native USDT settlement on the Bitcoin network. This technology allows USDT transactions to settle directly over Bitcoin, including use via the Lightning Network, offering fixed, pre-revealed fees, atomic, and private settlement secured by Bitcoin's network. Tether CEO Paolo Ardoino stated this move strengthens Bitcoin's role as a global settlement rail for real-world dollar transactions. Tether's investment arm is known for backing companies that support or bolster its stablecoin business, having recently invested in LayerZero Labs and Eight Sleep.

(Source：The Block)