Speed raises $8.06 million in funding, Tether supports USDT payment settlement based on the Lightning Network

【Chain Wen】In the area of payment infrastructure, more and more projects are starting to think creatively. Speed has secured $8.06 million in funding, led by Tether with ego death capital participating. There’s some interesting backstory behind this investment.

The project itself is a settlement network built on Bitcoin’s Lightning Network and USDT. Data shows that it processed approximately $1.5 billion in payments throughout the year, serving a total of 1.2 million users and merchants. This scale indicates that it’s not just a conceptual product; there are real traffic and application scenarios.

There are two main highlights: first, providing instant settlement for BTC/USDT, which significantly improves efficiency for cross-border payments and merchants; second, an enterprise-level routing solution, indicating that they are targeting the B2B market, not just interactions between players.

Tether’s investment also carries symbolic significance, as the application of USDT in payment scenarios is gradually advancing. Using stablecoins combined with Lightning Network to build settlement infrastructure is a clear approach with mature technology stacks. Let’s see how this type of project breaks into new circles in the future.