Tether made an 8 million dollar investment in Speed.

Tether Takes a New Step in Fast Payments

Tether has invested 8 million dollars in the payment company Speed, aiming to increase the use of USDT (Tether Dollar) in daily payments.

Speed conducts payment transactions using stablecoins by utilizing Bitcoin's Lightning Network technology. The company has an annual transaction volume of 1.5 billion dollars and serves approximately 1.2 million users.

Tether CEO Paolo Ardoino stated that this investment will contribute to efforts to expand the usage areas of USDT. Ardoino emphasized the potential of Lightning Network and stablecoins, pointing out that the negotiations will strengthen the Bitcoin-compatible infrastructure.