Speed Raises $8M from Tether to Scale Lightning-USDT Payments
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Tether invests $8M in Speed to enhance global Bitcoin Lightning and USDT payment systems. The partnership aims to reduce volatility for merchants by combining Lightning transfers with stablecoins, promoting practical crypto payments and targeting wider adoption.
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- Tether invests $8M in Speed to expand Bitcoin Lightning and USDT payment rails globally.
- Speed blends instant Lightning transfers with stablecoins, reducing volatility for merchants.
- Partnership emphasizes practical crypto payments over speculation, targeting global adoption.
Tether expanded its footprint in real-world crypto payments today by leading an $8 million strategic investment in Speed.
According to the press release, the investment fuels Speed’s ambition to build instant, global settlement rails using the Bitcoin Lightning Network alongside stablecoins. Beyond simply improving transaction speed, the model targets lower costs and broader access for merchants. Significantly, this partnership aligns with Tether’s long-term strategy to build Bitcoin-oriented financial systems.
Speed enters the partnership with established traction. The company already…
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