Speed1 Secures $8M Financing Led by Tether to Power Instant Global Settlements on Bitcoin Lightning Network

COINOTAG News reported on December 16 that Speed1, Inc., a payment infrastructure company, completed an $8 million strategic financing round. The round was led by Tether with participation from Ego Death Capital, underscoring ongoing support for crypto-native settlement infrastructure. The new capital will support Speed1’s efforts to scale faster, more reliable settlement for merchants and fintech partners.

Speed1 is pursuing instant global settlement channels by leveraging the Bitcoin Lightning Network and stablecoins, aiming to reduce settlement latency and enhance cross-border efficiency. This financing round aligns Speed1 with the broader trend toward scalable crypto-enabled payments rails and strengthens its position within the digital-asset settlements ecosystem.