Gate News: On March 7, blockchain payment infrastructure company Utexo announced the completion of a $7.5 million seed round funding, led by Tether, Big Brain Holdings, and Portal Ventures, with participation from over ten institutions including Franklin Templeton, Maven11 Capital, and Flow Traders. Utexo integrates Bitcoin, the Lightning Network, and the RGB protocol to provide payment operators with a single API access, enabling instant settlement of USDT on the Bitcoin mainnet. The solution features fixed and predictable transaction fees, settlement times under one second, and fully encrypted private execution, marking the re-deployment of USDT on the Bitcoin network after more than a decade.
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