Utexo Raises $7.5M to Launch Bitcoin-Native USDT Settlement Infrastructure
Utexo secured $7.5 million in seed funding to build infrastructure enabling native USDT settlement on Bitcoin.Summary
Utexo, a startup developing Bitcoin-native stablecoin settlement infrastructure, announced a $7.5 million seed round co-led by Tether, Big Brain Holdings, and Portal Ventures. The company aims to solve the historical gap of enabling USDT to settle natively on Bitcoin using robust payment rails. Utexo abstracts the complexities of existing protocols like Lightning Network and RGB via a single API, allowing payment operators to route USDT settlement over Bitcoin without altering custody or compliance workflows. The infrastructure supports atomic settlement, privacy-preserving execution, and predictable fees, completing transactions in under one second while anchoring security to Bitcoin. This development supports Tether's long-term vision for USDT on Bitcoin, targeting entities like exchanges and payment providers by routing existing stablecoin flows over Bitcoin's resilient network.
(Source：Bitcoin Magazine)