Key Takeaways
- Tether led an $8 million funding round for Speed1, Inc., supporting Bitcoin Lightning Network and stablecoin payment infrastructure.
- Speed enables over $1.5 billion in annual payment volume with instant BTC and USDT settlement for consumers and merchants.
Tether announced Tuesday that the company had made a strategic investment in Speed, a payments infrastructure provider leveraging the Bitcoin Lightning Network and stablecoins for instant settlement.
Tether led Speed’s $8 million funding round alongside ego death capital, supporting a platform that already processes more than $1.5 billion in annual payment volume.
Speed’s products serve over 1 million users and businesses, offering instant payments with native BTC and USDT settlements across consumers, creators, platforms, and enterprise merchants.
The investment reflects Tether’s commitment to expanding the Bitcoin-aligned infrastructure and increasing USDT’s utility beyond trading, positioning Lightning-based networks as viable settlement rails for global commerce.
Source: https://cryptobriefing.com/bitcoin-lightning-payments-tether-speed/
