Tether co-leads $7.5 million Utexo funding to enable native USDT settlement on Bitcoin

Tether, the largest issuer of U.S. dollar-pegged stablecoins, co-led a $7.5 million funding round in Bitcoin infrastructure startup Utexo to support native USDT settlement on the Bitcoin and Lightning networks. The company's technology is designed to process atomic, private USDT payments with fixed, upfront fees paid in USDT. Tether has also recently backed projects such as LayerZero Labs and sleep-technology firm Eight Sleep at a $1.5 billion valuation.

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