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⛓️ Crypto🟢 BullishImportance 6/10
Tether invests in Utexo, a startup enabling USDT settlement on Bitcoin
🤖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.
Read Original →via The Block
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