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Tether Co-Leads $7.5 Million Funding Round for Utexo to Build USDT Settlement on Bitcoin

Tether Co-Leads $7.5 Million Funding Round for Utexo to Build USDT Settlement on Bitcoin

According to the announcement, Tether joined Big Brain Holdings, Portal Ventures, and Franklin Templeton in a $7.5 million funding round supporting Utexo’s infrastructure for USDT settlement directly on Bitcoin and payments via the Lightning Network.

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USDT

Fact Check
The funding round is confirmed by multiple independent news organizations (The Block, Axios) and official announcements from participating investment firms (Gate Ventures). The details regarding the amount ($7.5 million), the lead investor (Tether), and the technical goal (USDT on Bitcoin via RGB/Lightning) are consistent across all sources.
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Summary

Tether has co-led a $7.5 million funding round for Utexo alongside Big Brain Holdings, Portal Ventures, and Franklin Templeton, according to the official announcement. Utexo is developing infrastructure designed to enable USDT settlement directly on the Bitcoin network while facilitating payments through the Lightning Network. The investment expands institutional backing for Bitcoin-based financial infrastructure and builds on earlier initiatives aimed at enabling stablecoin transactions and broader digital finance capabilities on Bitcoin.

Terms & Concepts
  • USDT: A widely used stablecoin issued by Tether that is typically pegged to the U.S. dollar and used for trading, payments, and settlement across cryptocurrency markets.
  • Lightning Network: A layer-2 scaling solution for Bitcoin that enables faster and lower-cost transactions through off-chain payment channels.