Tether Invests in Speed to Boost Stablecoin Use on Bitcoin Lightning
Tether, the issuer of the USDT stablecoin, has co-led an $8 million funding round in Speed. According to reports, Speed is focused on developing infrastructure via the Bitcoin Lightning Network. The investment signals a move to expand the utility of stablecoins by leveraging the Bitcoin Lightning Network for faster and potentially cheaper transactions. The development could broaden the use-cases for stablecoins within the Bitcoin ecosystem.
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