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Utexo completes $7.5 million funding round, led by Tether and others
Deep Tide TechFlow News, March 6 — According to an official announcement, blockchain payment infrastructure company Utexo has completed a $7.5 million seed round funding, led by Tether, Big Brain Holdings, and Portal Ventures, with over ten institutions including Franklin Templeton, Maven11 Capital, and FlowTraders participating as co-investors.
Utexo integrates Bitcoin, the Lightning Network, and the RGB protocol to provide payment operators with a single API access, enabling real-time USDT settlement on the Bitcoin mainnet. Transaction fees are fixed and predictable, settlement times are less than one second, and all processes are encrypted and private. This marks the return of USDT to the Bitcoin network after more than a decade, potentially driving Bitcoin to become the core settlement layer for global USD payments.