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Gate Ventures Announces Strategic Investment in Utexo to Advance the Development of Native Stablecoin Infrastructure on the Bitcoin
Svmuu News: Gate Ventures, the venture capital arm of cryptocurrency exchange Gate, has officially announced a strategic investment in Utexo.Utexo is a native settlement infrastructure for the Bitcoin, integrating the RGB protocol with the Lightning Network. It enables private, instant, and non-custodial stablecoin transactions on the Bitcoin network, bringing stablecoin liquidity directly into the Bitcoin ecosystem and expanding the use cases for decentralized finance.This collaboration reflects Gate Ventures’ ongoing support for infrastructure development, aiming to strengthen Bitcoin’s role within the digital financial ecosystem.By enabling native stablecoin issuance, payments, and trading on Bitcoin, Utexo can leverage the security of Bitcoin while ensuring privacy and self-custody. Its architecture also provides a foundation for native financial applications on Bitcoin, including decentralized exchanges, payment networks, and scalable settlement systems, offering convenient access for developers, wallets, and financial institutions.
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