Tether leads $8M funding for Lightning startup focused on stablecoins
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Tether led an $8M funding round for Bitcoin startup Speed to enhance enterprise stablecoin payments on the Bitcoin layer-2 Lightning Network. Speed serves over 1.2 million users and processes $1.5 billion annually. The investment aligns with Tether's strategy to support Bitcoin-focused payment platforms and expand USDT's utility. Tether has invested in over 140 companies across various sectors, leveraging profits from US Treasury bills. Tether reported over $10 billion profit in the first three quarters of 2025, following $13.4 billion in 2024.
Source: Cointelegraph The copyright of this article belongs to the original author/organization.
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