Tether, a leading digital asset infrastructure provider, has led an $8 million strategic investment round in Speed, a payments technology company developing a hybrid settlement platform that integrates Bitcoin Lightning Network’s high-speed, low-cost transaction infrastructure with USDT stablecoin settlement to mitigate merchant exposure to cryptocurrency price volatility. Speed has established substantial market validation, processing over $1.5 billion in annualized transaction volume across 1.2 million users, with quantifiable merchant value including Steak ‘n Shake’s approximately 50% reduction in payment processing fees and corresponding revenue growth. This investment aligns with Tether’s strategic initiative to expand digital asset utility from speculative trading into mainstream payment infrastructure, positioning both companies to capture emerging opportunities in the convergence of traditional and digital payment systems.
Tether Leads $8 Million Investment in Speed to Propel Bitcoin Lightning And Stablecoin Payments
