Tether Co-Leads $7.5M Round for Utexo to Enable Bitcoin USDT Payments

Tether co-led a $7.5 million round for Utexo to build infrastructure for USDT payments on the Bitcoin network, signaling growing collaboration between stablecoins and major blockchains.

Rich by Coin

2026-03-06

Tether has co-led a $7.5 million funding round for Utexo, a startup focused on developing infrastructure for USDT payments on the Bitcoin network. The funding round aims to advance the technical groundwork required to facilitate USDT transactions on Bitcoin. The collaboration signals ongoing interest in enabling stablecoin payments on Bitcoin.

No additional terms or participants were disclosed in the available summary. This initiative underscores the convergence between stablecoins and traditional networks, potentially expanding USDT use cases across ecosystems.