CoinDesk••1 min read
Tether Invests $8M in Speed to Expand USDT Payments via Lightning Network
The Arch TakeBullish
Tether is leading an $8 million investment in Speed, a payments platform leveraging the Bitcoin Lightning Network and Tether's USDT stablecoin. According to reports, Speed processes $1.5 billion in annual payments and supports 1.2 million users. The investment aims to further integrate USDT into everyday payment systems. The development highlights the growing use of stablecoins for transactions and the potential of Layer2 solutions like the Lightning Network to enhance payment efficiency.
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