Utexo Raises $7.5M Seed Led by Tether for Bitcoin Stablecoin Payments
UAE-based Utexo secures $7.5M from Tether and Franklin Templeton to enable sub-second USDT settlements on Bitcoin.
Utexo raised $7.5 million in seed funding led by Tether with participation from Franklin Templeton, Big Brain Holdings, and Portal Ventures. The company builds enterprise-grade APIs for USDT stablecoin payments on the Bitcoin network.
The platform leverages Lightning and RGB layer-2 protocols to settle transactions in under one second with fixed fees. It targets banks, digital wallets, and exchanges seeking predictable costs for stablecoin operations.
Funding supports global expansion of Utexo's payment infrastructure, strengthening Bitcoin's position as a settlement rail for real-world dollar transactions at institutional scale.
FREQUENTLY ASKED
Who is Utexo?
Utexo is Native USDT payments on Bitcoin, based in Dubai, founded in 2025, operates in the Fintech sector.
How much has Utexo raised?
Utexo has raised $7.5M Seed in disclosed funding to date according to the DXBStart company directory.
Where can I find more news about Utexo?
The DXBStart company profile at dxbstart.com/company/utexo aggregates every news story DXBStart has indexed about Utexo, along with funding history, stage, status, and company details.