Speed, a stablecoin payment company based on the Lightning Network, has raised $8 million in funding, led by Tether.

CoinFeed reported on December 16th that Tether led an $8 million funding round for payment infrastructure company Speed, with participation from ego death capital. Speed (Speed1) builds its settlement network on the Bitcoin Lightning Network and the stablecoin USDT, processing approximately $1.5 billion in payments annually, serving 1.2 million users and merchants, and providing BTC/USDT instant settlement and enterprise...