💵 Startup #Utexo received $7.5 million in a seed round

The funding was led by Tether, Big Brain Holdings, and Portal Ventures, with participation from Franklin Templeton, Maven11 Capital, Fulgur Ventures, Alchemy VC, Ethereal Ventures, and other investors.

Utexo is working on creating solutions for payments in the stablecoin USDT based on the blockchain of the first cryptocurrency.