Overview
- Ego Death Capital co-led the $8 million raise, according to Tether’s announcement.
- Speed reports more than $1.5 billion in annual payment volume and about 1.2 million users through its Speed Wallet and Speed Merchant products.
- The company routes transactions over Bitcoin’s Lightning Network and settles in bitcoin or USDT to lower costs and reduce exposure to price swings.
- Tether said the funding will support infrastructure scaling and additional integrations with merchants and platforms for Lightning-native payments.
- Tether framed the move as part of its 2025 push to bring USDT onto Bitcoin rails via efforts such as Taproot Assets, reflecting rising stablecoin activity on Lightning.