Tether has taken the lead in an $8 million funding round for Speed1, Inc., a payments infrastructure company building instant, global settlement rails that fuse the Bitcoin Lightning Network with stablecoins. The round, co-led by Ego Death Capital, marks a bet by the company, and by Tether Investments, Tether’s independent investment arm, on a payments stack that prioritizes speed, low fees and price stability.
Speed, which powers both consumer and enterprise payment flows through its Speed Wallet and Speed Merchant products, currently processes more than $1.5 billion in annual payment volume and serves roughly 1.2 million users and businesses. The platform offers instant payments, native BTC and USDT settlement, and enterprise-grade global routing designed for high-reliability integrations.
Tether framed the investment as part of a broader strategy to bolster Bitcoin-aligned financial infrastructure and grow USDT’s utility in real-world payments. “Speed is showing what Lightning can achieve when paired with a stable, liquid digital dollar like USDT,” said Paolo Ardoino, CEO of Tether. “We support teams building practical infrastructure that reduces friction in payments and expands access to reliable settlement rails. Speed’s execution and adoption signal that Bitcoin-rooted networks are ready for mainstream commerce.”
Lightning-Native Payments
For Speed, the funding and partnership underline a move away from crypto as purely a speculative asset and toward utility-focused applications. “Crypto has lived in the world of speculation for too long. Speed is making it usable – instantly, globally, and at scale. Lightning gives us speed; stablecoins give us universal access; our infrastructure brings it all together for consumers, creators, and merchants,” said Speed CEO Niraj Patel.
Technically, Speed ties deeply into the Lightning Network while offering stablecoin settlement options for users and merchants who need price stability. That hybrid approach aims to cut friction in cross-border transfers, creator payouts, merchant remittances and platform-level settlements, use cases where both near-instant finality and predictable value matter.
Tether Investments, based in El Salvador, deploys capital drawn from Tether Group’s profits and excess reserves into sectors where technology and real-world utility intersect. Its portfolio spans artificial intelligence, financial services, energy, biotechnology, education and digital media, along with strategic stakes aimed at improving access and efficiency in areas like commodities and remittances.
The firm says its investments support Tether Group’s wider mission to strengthen decentralized systems, boost infrastructure resilience, and expand practical access to transparent technologies. The partnership positions Speed as a test case for scaling Lightning-enabled payments alongside a widely used stablecoin, and gives Tether a front-row seat in efforts to bring Bitcoin-rooted rails into everyday commerce.
Source: https://blockchainreporter.net/tether-leads-8m-round-in-speed-to-push-lightning-native-stablecoin-payments/
