Tether Invests $8 Million in Bitcoin Startup to Enhance Stablecoin Payments

According to Cointelegraph, stablecoin leader Tether has spearheaded an $8 million investment round in Bitcoin startup Speed, aiming to advance enterprise stablecoin payments on the Bitcoin layer-2 Lightning Network. Tether emphasized the potential of Speed's architecture to integrate Lightning and stablecoins, facilitating high-scale money transfers with minimal fees, robust compliance, and extensive global reach. Tether's CEO, Paolo Ardoino, remarked that Speed's progress and adoption indicate that Bitcoin-rooted networks are poised for mainstream commerce. The investment round also saw participation from Ego Death Capital, a Bitcoin ecosystem-focused entity source: https://www.binance.com/en/square/post/33814843925841?utm_source=BinanceNewsRSS