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Tether invests in Utexo, a startup enabling USDT settlement on Bitcoin

The Block|RT Watson|March 6, 2026 at 02:50 PM

Image via The Block

🤖AI Summary

Tether has invested in Utexo, a startup that enables USDT settlement on the Bitcoin network. The stablecoin issuer also made an investment in sleep-technology company Eight Sleep at a $1.5 billion valuation this week.

Key Takeaways

→Tether invested in Utexo, a startup focused on enabling USDT settlement directly on Bitcoin.
→This investment represents Tether's continued expansion beyond traditional stablecoin operations.
→Tether also invested in Eight Sleep, a sleep-technology startup valued at $1.5 billion.
→The move suggests Tether is diversifying its investment portfolio across different sectors.
→Enabling USDT settlement on Bitcoin could improve interoperability between the two major crypto assets.

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#tether #usdt #bitcoin #settlement #investment #utexo #stablecoin #crypto-infrastructure

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