Tether leads $8 million round in Lightning-based payment processor Speed
The Block
Tether led an $8 million funding round for Speed1 Inc., a payment processor utilizing the Bitcoin Lightning Network.Summary
Tether, the issuer of the USDT stablecoin, co-led an $8 million funding round in Speed1 Inc., a payment processor that is building settlement rails using the Bitcoin Lightning Network. Speed currently processes over $1.5 billion in annual payment volume and serves more than 1 million users and businesses. Tether CEO Paolo Ardoino stated that the investment supports teams building practical infrastructure that reduces payment friction, noting that Speed's adoption shows Bitcoin-rooted networks are ready for mainstream commerce. This investment is part of Tether's broader strategy to expand USDT's utility in real-world payment environments and strengthen Bitcoin-aligned financial infrastructure.
(Source：The Block)