Speed Raises $8M to Boost Stablecoin Payments on Bitcoin
Update: 2025-12-17
Description
Speed, a Bitcoin Lightning Network-based stablecoin payments company, secures $8M funding from Tether and Ego Death Capital. Tether praises Speeds system for demonstrating the potential of stablecoins and Bitcoin-based networks for everyday commerce. Speed serves over 1.2M users, processing $1.5B in payments annually. Tether, with over $14B in investments, reports record profits, making it one of the most profitable companies globally.
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