utexo

Solv Protocol announced a strategic integration with Utexo, launching a native Bitcoin yield solution based on the RGB protocol and the Lightning Network, enabling the conversion between native BTC and USDT through atomic swaps without the need for wrapping, cross-chain bridges, or custodians.This solution emphasizes self-custody, privacy protection, and final settlement, and aligns with Tether's previously announced plan to natively issue USDT on the RGB-compatible Lightning Network. Additionally, it was disclosed that Solv participated as a strategic angel investor in Utexo's $7.5 million seed round financing led by Tether.

Stablecoin issuer 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 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.

Blockchain payment infrastructure company Utexo announced the completion of a $7.5 million seed round financing, led by Tether, Big Brain Holdings, and Portal Ventures, with over a dozen institutions including Franklin Templeton, Maven11 Capital, and Flow Traders participating.Utexo integrates Bitcoin, the Lightning Network, and the RGB protocol to provide payment operators with a single API access, enabling instant settlement of USDT on the Bitcoin native network, with fixed and predictable transaction fees, settlement times of less than 1 second, and fully encrypted private execution throughout the process. This move marks the official "return" of USDT to the Bitcoin network after more than a decade, and is expected to promote Bitcoin as the core settlement track for global dollar payments.

The Bitcoin privacy stablecoin project Utexo has launched an adaptation layer that provides RGB support for Tether's Wallet Development Kit.This feature aims to address the architectural mismatch caused by client validation and improve the interoperability of the wallet SDK.