Tether leads $8 million investment in Speed to push USDT further into everyday payments
Tether invested $8 million in Speed, a payments firm using Bitcoin's Lightning Network and USDT for real-time transactions.Summary
Stablecoin issuer Tether led an $8 million strategic investment in Speed, a payments infrastructure company that integrates Bitcoin's Lightning Network with USDT settlement for real-time money movement. Speed currently processes over $1.5 billion in annual payment volume for about 1.2 million users and businesses. The system leverages Lightning for speed while allowing settlement in USDT for value stability. Tether stated this investment supports its goal of strengthening Bitcoin-aligned financial infrastructure and expanding USDT's use beyond trading. Speed's CEO noted that the combination of Lightning's speed and stablecoins' universal access makes crypto usable for everyday commerce at scale. This investment follows Tether's pattern of aggressive deployment of its substantial profits across various industries.
(Source：CoinDesk)