TLDR:
- Tether invests $8M in Speed to enhance global payment solutions.
- Speed’s Lightning Network integration drives faster, low-fee payments.
- Tether supports Speed in expanding real-world USDT use in payments.
- Speed processes $1.5B annually, aiming for seamless cross-border payments.
- Tether’s investment boosts global payments with Bitcoin and stablecoins.
Tether has made a strategic investment in Speed1, Inc., committing $8 million to the payment infrastructure company. Speed is focused on building global settlement systems based on the Bitcoin Lightning Network and stablecoins. The funding round, led by Tether, aims to expand the use of Tether’s stablecoin, USDT, in real-world payment environments.
Tether’s Role in Supporting Speed’s Growth
Tether’s investment will support Speed in enhancing its payment infrastructure for global settlements. Speed’s platform already processes over $1.5 billion in annual payment volume, serving a growing base of 1.2 million users. Through its products, Speed Wallet and Speed Merchant, the company enables instant payments and cross-border transactions, leveraging Bitcoin and stablecoin settlements.
The Bitcoin Lightning Network plays a key role in Speed’s product offerings, providing faster and more efficient payment solutions. Tether’s investment will help expand this network while ensuring that USDT continues to serve as a stable and reliable currency for global transactions. With this collaboration, Tether strengthens its position in the growing sector of Bitcoin-aligned financial infrastructure.
Speed’s Vision for Instant Global Payments
Speed aims to reduce friction in payments by combining the Lightning Network’s speed with the stability of stablecoins. This allows users and merchants to make cross-border payments with minimal fees and fast settlement times. The integration of stablecoins ensures price stability, addressing one of the key challenges in global payments, which is volatility.
By supporting Speed’s growth, Tether underscores its commitment to making Bitcoin and stablecoins accessible for mainstream commerce. Speed’s platform is designed for a wide range of use cases, including international money transfers, creator payouts, and enterprise merchant payments. This strategic move aligns with Tether’s long-term vision of expanding the real-world use of USDT and strengthening Bitcoin’s role in global finance.
Tether’s Investment Strategy and Broader Goals
Tether has consistently deployed capital across various sectors, focusing on technology and infrastructure to promote long-term resilience and efficiency. This investment in Speed is part of Tether’s broader strategy to drive innovation in digital finance. Tether’s support of practical infrastructure solutions reflects its goal to promote open and transparent technologies in both emerging and developed markets.
Speed plans to enhance its infrastructure, increase merchant and platform integrations, and further expand its user base. As the adoption of Bitcoin and stablecoins grows, Tether’s backing will position Speed to play a leading role in transforming how global payments are made. By partnering with Speed, Tether continues its commitment to supporting infrastructure that can move money across borders quickly, securely and at scale.
