Tether and Ego Death Capital have invested $8 million in Speed, a startup utilizing the Bitcoin Lightning Network. Speed aims to facilitate USDT transfers more efficiently. The funding round highlights growing interest in leveraging Layer-2 solutions like the Lightning Network to improve the speed and reduce the costs of stablecoin transactions. This development reflects a broader trend within the cryptocurrency industry to enhance the scalability and usability of stablecoins for payments and other applications.

Tether and Ego Death Capital have invested $8 million in Speed, a startup utilizing the Bitcoin Lightning Network. Speed aims to facilitate USDT transfers more efficiently. The funding round highlights growing interest in leveraging Layer-2 solutions like the Lightning Network to improve the speed and reduce the costs of stablecoin transactions. This development reflects a broader trend within the cryptocurrency industry to enhance the scalability and usability of stablecoins for payments and other applications.