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Blockchain payment infrastructure company Utexo completes $7.5 million seed funding round, led by Tether and others
ChainCatcher News: Blockchain payment infrastructure company Utexo announces the completion of a $7.5 million seed funding round, 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 RGB protocol to provide payment operators with a single API access, enabling instant settlement of USDT on the Bitcoin mainnet. Transaction fees are fixed and predictable, settlement time is less than one second, and the entire process is encrypted and private. This marks the official “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.