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✨️💥 Utexo Raises $7.5M to Launch Bitcoin Native USDT Settlement Infrastructure
Utexo, a startup building Bitcoin native stablecoin settlement infrastructure, has raised $7.5 million in a seed funding round. The round was co led by Tether, Big Brain Holdings, and Portal Ventures, with participation from major names like Franklin Templeton and several strategic angel investors.
The company’s mission is to solve a long standing gap in the crypto ecosystem: enabling USDT (Tether) to settle natively on the Bitcoin network via robust, production-ready payment rails. While protocols like Lightning and RGB have previously attempted this, their technical complexity often hindered mass adoption. Utexo simplifies this by providing a single API layer that allows payment operators to route USDT over Bitcoin-native rails without needing to overhaul their existing custody or compliance workflows.
Key features of Utrexo's technology include:
Atomic Settlement: Transactions are completed in under one second.
Privacy: All on-chain transactions are encrypted, hiding counterparties and wallet addresses from public view.
Predictable Costs: Fees remain stable and independent of network congestion.
Security: Settlements are anchored directly to Bitcoin’s security model.
Tether CEO Paolo Ardoino highlighted that Utexo strengthens Bitcoin’s role as a global settlement rail for real-world dollar transactions.
The platform is primarily aimed at exchanges, wallets, and high-frequency trading firms, focusing on optimizing existing stablecoin flows rather than launching speculative new layers.
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