Tether has led an $8 million investment in payments company Speed, aiming to expand the real-world use of USDT and make stablecoin payments more accessible for consumers and merchants.
Tether, the issuer of the world’s largest stablecoin USDT, has led a new $8 million funding round in payments platform Speed, marking a significant step toward integrating stablecoins into everyday financial transactions.
The investment is designed to strengthen infrastructure that allows USDT to be used beyond crypto trading, focusing on fast, low-cost, and seamless payment solutions. By supporting Speed, Tether is pushing to make digital dollar payments easier for businesses and individuals in real-world use cases such as retail purchases, online commerce, and cross-border transfers.
Speed is expected to channel the fresh capital into building and expanding tools that simplify stablecoin payments for merchants. These may include improved checkout systems, smoother settlement processes, and integrations that reduce friction for users unfamiliar with crypto technology.
Tether’s move highlights the growing importance of stablecoins in global payments. As demand rises for alternatives to traditional banking rails, USDT continues to position itself as a reliable digital currency for everyday use.
This strategic partnership could accelerate mainstream crypto adoption by making stablecoin payments more practical, efficient, and widely accepted across different industries.
