A new funding round is putting fresh attention on efforts to expand what can be built on the Bitcoin network. Payments infrastructure startup Utexo has raised $7.5 million with backing from Tether, Big Brain Holdings, and Portal Ventures. The company says the funding will help it push forward a project aimed at bringing native USDT transactions directly onto the Bitcoin network. If the plan works as intended, it would allow the world’s most widely used stablecoin to move across Bitcoin infrastructure in a faster and more scalable way. For years, stablecoins have largely grown on networks built specifically for smart
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