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Utexo completes $7.5 million funding round, led by Tether and others
Odaily Planet Daily reports that blockchain payment infrastructure company Utexo has completed a $7.5 million seed round funding, led jointly 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 RGB protocol to provide payment operators with a single API access, enabling instant USDT settlement on the Bitcoin mainnet. Transaction fees are fixed and predictable, settlement times are under 1 second, and the entire process is encrypted and private.