Speed Raises $8 Million in Funding Led by Tether

Speed, a stablecoin payment company built on the Bitcoin Lightning Network, has raised $8 million in a funding round led by Tether, with participation from ego death capital. The company operates its settlement network using the Lightning Network and USDT, enabling fast and low-cost payments.

Speed processes around $1.5 billion in payments each year, serves approximately 1.2 million users and merchants, and offers instant BTC and USDT settlement along with enterprise-grade payment routing services.

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