Tether Invested $8 Million in Speed Project

This deal aims to accelerate the development of payment infrastructure based on Bitcoin's Lightning Network, which will enable the use of stablecoins for fast and stable global transactions.

Speed is a company specializing in payments integrated with Lightning Network, allowing users and merchants to conduct settlements in stablecoins with a focus on price stability. The platform positions itself as "Stripe for Bitcoin Lightning," offering tools for fast payments in BTC and USDT, with an emphasis on real-world use cases such as remittances and small cross-border operations. Tether's investment, jointly with the ego death capital fund, underscores a strategic shift towards integrating stablecoins into everyday commerce, going beyond trading.

According to the official announcement, the funds will be directed towards scaling Lightning-native payments that provide instant global settlement.

"This investment is part of our strategy to strengthen Bitcoin-based financial infrastructure and expand the use of USDT," noted a Tether representative.

The founders of Speed, who previously exited the Orderhive project, emphasize that the platform already processes billions of payments and plans to become a key player in the Lightning ecosystem.

Against the backdrop of this news, the crypto community is actively discussing the potential. On the social network X, users note that the partnership could accelerate the adoption of stablecoins for real payments, making them cheaper and faster compared to traditional systems. Experts believe that this investment highlights the growing role of Lightning Network in digital finance, especially in the context of cryptocurrency market volatility.

This deal fits into Tether's broader strategy of investing in Bitcoin-oriented projects, including support for infrastructure for the real-world use of stablecoins. Analysts predict that similar initiatives could strengthen USDT's dominance in the market, where its capitalization already exceeds $100 billion.