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.
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DXB Start·March 16, 2026·1 min read·5 days ago
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.