Tether co-led a $7.5 million funding round in Utexo, a startup that enables native USDT settlement directly on the Bitcoin network, including support for the Lightning Network. The round also included participation from Big Brain Holdings, Portal Ventures, and Franklin Templeton.
Utexo’s technology allows USDT transactions to be conducted on the Bitcoin network with atomic and private settlement, fixed fees disclosed in advance, and settlement costs denominated in USDT. The system leverages Bitcoin’s security as base infrastructure, without relying on external layers.
“Bitcoin has always been central to Tether’s long-term vision for USDT, but turning that idea into reality required infrastructure that didn’t yet exist,” both companies stated in a joint release. Tether CEO Paolo Ardoino highlighted that the native integration with Bitcoin and the Lightning Network strengthens the network’s role as an international settlement rail for dollar-denominated transactions.
With a circulating supply of $184 billion, USDT is the world’s most widely used stablecoin. The investment in Utexo is part of Tether’s broader strategy, which in recent weeks also included participation in LayerZero Labs and sleep technology startup Eight Sleep.
Source: https://www.axios.com/pro/fintech-deals/2026/03/06/utexo-usdt-bitcoin-seed
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions
