Tether announced that it led an $8 million funding round for payments infrastructure company Speed1, with participation from ego death capital. Speed1 builds an instant global settlement channel based on the Bitcoin Lightning Network and stablecoins, supporting native settlements in BTC and USDT. It processes over $1.5 billion in payments annually, serving approximately 1.2 million users and merchants. Tether stated that this investment aims to strengthen Bitcoin-related financial infrastructure and expand the application of USDT in real-world payment scenarios.
Tether leads $8 million funding round for payment infrastructure company Speed1.
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