UAE-based Utexo closes $7.5M Tether-led funding round to build Bitcoin-based stablecoins

UAE-based Utexo, which makes Bitcoin-native stablecoin settlement practical, predictable, and easy to integrate, has announced that it has raised $7.5 million in a seed round to build USDT stablecoin payments on the Bitcoin network. The funding round was co led by Tether, Big Brain Holdings, Portal Ventures, with participation from Franklin Templeton, Maven11 Capital, Fulgur […]