"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."
"The company processes over $1.5 billion in annual payment volume and serves roughly 1.2 million users through its Speed Wallet and Speed Merchant products. These tools enable near-instant settlement in both bitcoin and USDT while offering global routing capabilities optimized for enterprise-level integrations. The company's architecture combines Lightning-based transaction execution with stablecoin settlement, addressing key challenges in cross-border payments such as speed, cost, and price volatility."
"Bitcoin networks are ready for mainstream commerce "Speed is showing what Lightning can achieve when paired with a stable, liquid digital dollar like USDT," said Paolo Ardoino, CEO of Tether. "We support teams building practical infrastructure that reduces friction in payments and expands access to reliable settlement rails. Speed's execution and adoption signal that Bitcoin-rooted networks are ready for mainstream commerce," Ardoino said."
Tether led an $8 million funding round in Speed, a payments infrastructure company combining the Bitcoin Lightning Network and stablecoins to enable instant, global settlement rails. Speed processes over $1.5 billion in annual payment volume and serves about 1.2 million users via Speed Wallet and Speed Merchant products. The platform routes transactions globally and settles near-instantly in bitcoin or USDT through Lightning-based execution paired with stablecoin settlement. This architecture addresses cross-border payment challenges—speed, cost, and price volatility—making it suitable for international transfers, creator payouts, merchant payments, and platform-level settlements while targeting enterprise integrations.
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