Utexo has successfully raised $7.5 million to advance its efforts in settling USDT transactions on the Bitcoin network. The investment round received backing from Tether, which aims to support the development of infrastructure for USDT on Bitcoin. This follows Utexo’s recent integration of an adaptation layer that provides RGB support for Tether’s Wallet Development Kit, and the company utilizes the Lightning Network to ensure instant execution and enhance client-side privacy in these stablecoin transactions.
Utexo raises $7.5M to enhance USDT settlement on bitcoin
