Utexo has raised $7.5 million to integrate USDT on the Bitcoin blockchain, leveraging fixed-fee transactions and enhancing Bitcoin's role in settlements.
The startup Utexo has successfully secured $7.5 million in a seed funding round aimed at integrating the USDT stablecoin into the Bitcoin blockchain. This funding was predominantly led by Tether, along with contributions from Big Brain Holdings and Portal Ventures.
Other notable investors in this round include Franklin Templeton, Maven11 Capital, Fulgur Ventures, Alchemy VC, and Ethereal Ventures, among others.
Utexo's initiative focuses on creating a platform for using USDT on Bitcoin, utilizing the Lightning Network to enable transactions with fixed fees. The platform is designed to process transfers quickly and securely, ensuring that transaction data remains private by encrypting sensitive information.
"We're committed to Bitcoin as a foundational component of our long-term strategy for USDT. The need for a resilient settlement infrastructure is unwavering, regardless of market trends," remarked Tether CEO Paolo Ardoino.
Ardoino emphasized that Utexo's technology offers a scalable solution with predictable costs that enhances Bitcoin’s role as a global value transfer network.
Utexo co-founder Viktor Ignatyuk added, "With Utexo, we facilitate organic growth: wallets attract users, and USDT boosts Bitcoin adoption, bridging the gap between these key digital assets."
In 2025, Tether reported a net profit surpassing $10 billion and has been actively pursuing investments, including a recent stake in LayerZero Labs and other tech ventures, demonstrating its robust growth strategy.
