Speed, which leverages the Bitcoin Lightning Network to facilitate USDT transfers, has secured $8 million from Tether and Ego Death Capital.
News
Stablecoin giant Tether has led an $8 million investment round in Bitcoin startup Speed to support its mission in enabling more enterprise stablecoin payments on the Bitcoin layer-2 Lightning Network.
“Speed’s architecture demonstrates how Lightning and stablecoins can operate together to move money at high scale with low fees, strong compliance, and global reach,” Tether in a statement on Tuesday.
“Speed’s execution and adoption signal that Bitcoin-rooted networks are ready for mainstream commerce,” Tether’s CEO Paolo Ardoino added.
The Bitcoin ecosystem-focused Ego Death Capital also contributed to Speed’s $8 million investment round.
Speed serves over 1.2 million consumers, creators, platforms, and enterprise merchants using its Speed Wallet and Speed Merchant products, processing more than $1.5 billion in annual payment volume.
The move also aligns with Tether’s strategy to support and of the Tether () stablecoin, Ardoino said.
“We back teams building practical infrastructure that reduces friction in payments and increases access to reliable settlement rails.”
Tether has been spreading bets across several sectors
The investment adds to over 140 companies that Tether already backs as the stablecoin issuer expands from to AI, energy, finance, and even
Related:
Many of those investments have come from Tether’s eye-popping profits over the last few years, which mostly come from interest on US Treasury bills that back USDT, the world’s largest stablecoin with a $186.3 billion market cap.
Tether continues to rake in billions of dollars of profit
Tether a profit of more than $10 billion across the first three quarters of 2025, building on the in 2024.
It is one of the in the world on a per-employee basis.
Magazine:
