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Utexo Raises $7.5 Million in Funding Led by Tether, and Others
Svmuu News: Blockchain payment infrastructure company Utexo announced the completion of a $7.5 million seed round, co-led by Tether, Big Brain Holdings, and Portal Ventures, with over a dozen institutions participating, including Franklin Templeton, Maven11 Capital, and FlowTraders.By integrating the Bitcoin, the Lightning Network, and the RGB protocol, Utexo provides payment operators with a single API interface, enabling instant settlement of USDT on the Bitcoin native network. Transaction fees are fixed and predictable, settlement times are under one second, and the entire process is executed with end-to-end encryption and privacy.
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