Tether Investments, an independent division of the USDT issuer, announced on December 16 of this year a strategic investment of $8 million in a platform running on the Bitcoin Lightning Network. Speed is a company that provides stablecoin services at the second layer (L2) of crypto assets.
With this investment, Tether will support the Lightning Network, the L2 that plays a central role in Tether’s business model. $8 million was invested jointly with the capital company. death of egoaims to improve the infrastructure of its platform, which processes more than $1.5 billion in payments annually.
Similarly, this investment aims to strengthen Speed’s products (Speed Wallet and Speed Merchant), which provide instant payment and settlement services between BTC and USDT to 1.2 million users and businesses, in addition to routing services. All this is done with Lightning. The company’s mission is to bring stablecoin price stability as an antidote to Bitcoin (BTC) volatility.
USDT Powers Lightning Network
According to stablecoin company Tether, which is also currently developing regional artificial intelligence applications and investing in regional Bitcoin mining infrastructure, the funding for Speed is aimed at strengthening USDT’s presence in the Bitcoin ecosystem.
Tether’s investment supports the company’s broader strategy to strengthen Bitcoin-based financial infrastructure and expand USDT’s utility in real-world payments environments. Speed’s architecture shows how Lightning and stablecoins can work together to enable large-scale money transfers with low fees, strong regulatory compliance, and global reach.
Tether, USDT issuer.
Paolo Ardoino, CEO of the El Salvador-based company, said: We are happy to support companies that expand the commercial utility of Bitcoin. “We are supporting teams building practical infrastructure that reduces friction in payments and expands access to trusted payment channels. “Speed’s execution and adoption shows that Bitcoin-based networks are ready for general commerce,” he commented.
As reported by CriptoNoticias, Paolo Ardoino is a big fan of the Lightning Network. Tether CEO believes: All systems should be built the Lightning wayBecause this payment method in Bitcoin does not require participants outside the channel to see what its members are doing.
(Tag translation) Investment
