Tether has made another investment, this time in a firm operating within digital assets.
The issuer of the USDT stablecoin said Tuesday it led, with Ego Death Capital, an $8 million funding round in Speed1 Inc., a payment processor building “settlement rails using the Bitcoin Lightning Network.”
“Speed processes more than $1.5 billion in annual payment volume across consumers, creators, platforms, and enterprise merchants,” said Tether, adding that Speed serves over 1 million users and businesses.
“Speed is showing what Lightning can achieve when paired with a stable, liquid digital dollar like USDT,” Tether CEO Paolo Ardoino said. “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.”
The company also said investing in Speed is part of its “broader strategy to strengthen Bitcoin-aligned financial infrastructure and expand USDT’s utility in real-world payment environments.”
Tether, which has been earning billions of dollars in profit in recent years, has an investment arm that has funded a diverse portfolio of companies. Besides investing in artificial intelligence, robotics, and gold, Tether also made an offer last week to buy Juventus Football Club.
USDT’s total supply is $186 billion.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
