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

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.

• →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.