Utexo raises $7.5 million, led by Tether and others.

Odaily Planet Daily reports that Utexo, a blockchain payment infrastructure company, has announced the completion of a $7.5 million seed funding round, co-led by Tether, Big Brain Holdings, and Portal Ventures, with participation from over ten institutions including Franklin Templeton, Maven11 Capital, and FlowTraders. Utexo integrates Bitcoin, the Lightning Network, and the RGB protocol to provide payment operators with a single API access, enabling instant settlement of USDT on the native Bitcoin network. Transaction fees are fixed and predictable, settlement time is less than one second, and the entire process is encrypted and executed privately.