Utexo announced that it had raised $7.5 million in a seed round led by TetherBig Brain Holdings and Portal Ventures.
This round included participants from Franklin Templeton as well as Fulgur Ventures and Alchemy VC. There were also strategic angels from Ledger Hyperion BTC Turk Echo Legion SOLV, FlowTraders Plan B Gate Ventures and Arcanum Capital.
This company was formed to solve a problem that had existed for many years in the ecosystem of cryptocurrency: how to enable users. USDT To settle on Bitcoin natively with production-ready payment rails. Tether’s
CEO, Paolo Ardoino, said Bitcoin is central to USDT’s long-term strategy, according to USDT stablecoin issuer. “Market cycles come and go, but the need for open and resilient settlement infrastructure remains constant,” Ardoino said.
Utexo is a platform that allows Bitcoin native USDT to be settled at large scales, thus strengthening Bitcoin as the global settlement rail used for dollar-based transactions.
In the past, both RGB and Lightning Network protocols offered a variety of technical features. Bitcoin-based paymentsBut their complexity restricted adoption in production environments. Utexo hides all of these issues behind a single layer API, which allows payment operators to send USDT over Bitcoin native rails while not modifying user experience, custody workflows or compliance processes.
Chris Hutchinson (co-founder of Utexo) explains Utexo’s system value proposition. “We built Utexo so that USDT could move on Bitcoin the way money is supposed to move: instantly, privately, with no surprises on costs. Our partners integrate our API once and can route USDT on the most resilient open network ever built, with full control over cost structure.”
Viktor Ihnatiuk added, as co-founder of the company, that infrastructure allows for wallets offering free USDT transfers while also boosting Bitcoin-native Stablecoin adoption.
It supports the atomic settlement of transactions and privacy-preserving execution. Fees are predictable for each transaction regardless of network congestion.
The settlement is done in USDT, and the security model of Bitcoin. It takes less than a second to complete. Utexo’s encryption of on-chain transactions prevents counterparties from being revealed, as well wallet addresses. It is different than public graphs for other networks.
Tether and bitcoin
Tether has a vision for native USDT payments on Bitcoin. By providing an accurate and reliable settlement layer, it allows Bitcoin to be used as a rail that can accept dollar-denominated payment.
Tether was a popular choice in February. open-sourced MiningOS (MOS), a modular operating system for managing and automating bitcoin mining operations, unveiled at the 2026 Plan ₿ Forum in San Salvador.
This system offers centralized control of hardware, energy and infrastructure, while reducing the reliance upon proprietary or central software.
Utexo is aimed at platforms, exchanges, wallets and payment providers. It also targets high-frequency traders, trading firms that handle large volumes USDT. Utexo’s focus is on routing stablecoins over Bitcoin, rather than creating speculative solutions.
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Source: bitcoinmagazine.com
