Tether invested $7.5 million in Utexo to promote USDT settlement on the Bitcoin network
Prefer us on Google
Stablecoin issuer usdt-257">Tether announced a joint lead investment in the $7.5 million financing round for the startup Utexo. Other investors in this round include Big Brain Holdings, Portal Ventures, and Franklin Templeton.
Utexo is developing infrastructure to enable USDT to settle directly on the btc-42">Bitcoin network and support payments via the Lightning Network. This solution offers pre-confirmable fixed fees and completes transactions using atomic and privacy settlement mechanisms, leveraging the security of the Bitcoin network. Paolo Ardoino stated that achieving native USDT settlement on Bitcoin and the Lightning Network will further strengthen Bitcoin's role as a global dollar settlement network. Currently, the supply of USDT is approximately $184 billion, making it the largest dollar stablecoin by market cap.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Bloomberg ETF Analysts Release New Book "Both Sides of the Coin" on November 10
Strategy Launches USD Cash Liquidity Account with $1.59 Billion Balance
Institutional Cryptocurrency Trading Reaches Record 72%: Major Players Smooth Market Volatility
Transparency Act: Bernstein Anticipates New Decline in Crypto Market Due to Delay in Legislation
Revenue per Power Unit from ZEC Mining is 4.5 Times Higher than BTC
Balchunas Analyzes Positive Patterns in BlackRock Bitcoin ETF
Glassnode: 85% of Altcoin Funding Rates Above Average, Market Optimistic
Bitcoin Ripped 20% Toward $80K — Is $100K Next, or Is a Brutal Retest Coming?
Bitcoin tore through the mid-$60,000s, cleared $70,000, blew past $75,000, and briefly touched $79,000+ before easing back to around $77,000 — a 20%+ move in a single week. The mood across crypto flipped almost overnight. But a violent rally is only the opening act. The more explosive the move, the more it calls for a clear, calm mind.
$638 Billion in Remaining Obligations Increases AI Credit Burden
Convano Sells All Bitcoin for $57.26 Million for Buybacks and Debt Repayment
Zondacrypto Disappears, Hundreds of Thousands of Users Unable to Access Funds
Market makers build 603 million USD BTC, ETH shorts on Hyperliquid
Saylor Reiterates Bitcoin as a Long-Term Asset
Bitcoin Surpasses $63,000 as Yen Carry Trade Liquidation Risks Increase
MicroCloud Hologram Invests $16 Million for Indirect Exposure to Bitcoin
"Quite Depressing": Traveler Shares His Perception of BTC Adoption in Bitcoin Beach
Funding Rate for Altcoins Increases to 85%
Can Bitcoin Redefine Ownership?
Tom Lee Mentions Possibility of Ethereum Reaching $10,000
4 Important Economic Events This Week for the Crypto Market
Illegal Mining in Russia: Why Home Farms Are Easily Detected
What Should We Pay Attention to This Time Based on Early Experiences from Historical Bull Market Cycles?
Arthur Hayes Predicts FLOP Will Become the Second Largest Token by Market Cap, Possibly Surpassing Bitcoin
Metaplanet CEO Believes AI Will Increase Bitcoin Value by Reducing Copying Costs
Bitcoin Open Interest Decreases by 11% in BTC Terms, Increases by 8% in Dollar Terms
2-6% of Foreign Aid Estimated to Be Laundered Through Bitcoin
WEEX Exclusive：Bessent’s Sanctions Briefing Leads the Week as NVIDIA Reprice Risk | WEEX Weekly Market Preview, August 24-28, 2026
The Difference Between Trading Bitcoin and Forex - The Fintech World
Anthropic Considers Opposition to AI Data Centers as IPO Risk Factor
Tracing Bitcoin's Trillion-Dollar Market Value: The Triple Overlap of Currency Dilution, Network Effects, and Future Demand
Bloomberg ETF Analysts Release New Book "Both Sides of the Coin" on November 10
Strategy Launches USD Cash Liquidity Account with $1.59 Billion Balance
Institutional Cryptocurrency Trading Reaches Record 72%: Major Players Smooth Market Volatility
Transparency Act: Bernstein Anticipates New Decline in Crypto Market Due to Delay in Legislation
Revenue per Power Unit from ZEC Mining is 4.5 Times Higher than BTC
Balchunas Analyzes Positive Patterns in BlackRock Bitcoin ETF
Contents
Latest articles
Latest coin listings on WEEX
