Company #Tether invests 8 million dollars in Speed to support payments #Lightning

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The CoinMarketCap website confirmed the announcement of Tether, the issuer of the leading stablecoin $USDT , regarding its leadership in an investment round worth 8 million dollars in Speed Payments, in partnership with Ego Death Capital fund.

The funding round was closed on Tuesday, with Tether taking the lead investor position, and this investment comes to support the infrastructure of Speed built on the Bitcoin Lightning network $BTC , aiming to combine ultra-fast transaction speed with the stability of settlement value using USDT, creating a practical payment solution for general commerce.