Stablecoin leader Tether announces the lead investment in the funding round of payment infrastructure company Speed1, amounting to $8 million, with ego death capital also participating in this round.

What is the core gameplay of Speed1? Simply put, it is built on Bitcoin's Lightning Network and stablecoin technology to create an instant global settlement channel. Users can directly settle using BTC and USDT, eliminating the cumbersome process of traditional cross-border payments.

From the data, Speed1's annual payment processing volume has already exceeded $1.5 billion, covering approximately 1.2 million users and merchants. This indicates that this payment solution is indeed attractive in practical applications, and also shows that the combination of stablecoins and Lightning Network is gradually becoming practical.