Tether Leads $8M Fund For Lightning Payments Startup Speed

Tether, the issuer of the world’s largest stablecoin USDT, announced a strategic investment in Speed1, Inc. (“Speed”), a payments infrastructure company leveraging the Bitcoin Lightning Network and stablecoins to build instant, global settlement rails.

Tether led the company’s $8 million funding round alongside ego death capital, signaling a strong push to expand Bitcoin-aligned financial infrastructure and increase the real-world utility of USDT.

Speed provides payment solutions for a diverse range of users, including consumers, creators, platforms, and enterprise merchants. The company processes over $1.5 billion in annual payment volume and serves roughly 1.2 million users…

Read more on BitcoinMagazine

169.6K Reads