Utexo raises $7.5 million, led by Tether and others.

According to Mars Finance, blockchain payment infrastructure company Utexo announced the completion of a $7.5 million seed funding round, co-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 native Bitcoin network. Transaction fees are fixed and predictable, settlement time is less than one second, and the entire process is encrypted and executed privately. This marks USDT's official "return" to the Bitcoin network after more than a decade, potentially propelling Bitcoin to become the core settlement track for global dollar payments.