Utexo has raised $7.5M to build infrastructure enabling native USDT settlement on Bitcoin, including support for payments over the Lightning Network.

The round was co-led by Tether, Big Brain Holdings, and Portal Ventures, with participation from Fulgur Ventures, Alchemy, Franklin Templeton, Paper Ventures, Maven11, Ethereal Ventures, among others.

Utexo aims to enable Bitcoin-native stablecoin payments with predictable fees, atomic settlement, and security anchored to the Bitcoin network