Prominent stablecoin issuer Tether has announced a strategic investment in Speed, a payments infrastructure firm utilizing the Bitcoin Lightning Network and stablecoins for instant global settlements. Tether said Tuesday that it co-led Speed's $8 million funding round alongside Ego Death Capital. Via products like Speed Wallet and Speed Merchant, Tether said that Speed currently processes over $1.5 billion in annual payment volume, serving 1.2 million users and businesses. The platform offers instant payme ...

Tether announced it has led an $8 million investment in Speed1, Inc., a payments infrastructure company building global settlement rails using the Bitcoin Lightning Network and stablecoins. The funding round also included participation from Ego Death Capital. The investment aligns with Tether’s broader push to expand real-world payment use cases for USDT while supporting Bitcoin-native financial infrastructure. Speed focuses on allowing instant low-cost payments by combining Lightning’s high-speed transa ...