Stablecoin large Tether has led an $8 million funding spherical in Bitcoin startup Velocity to help its mission in enabling extra enterprise stablecoin funds on the Bitcoin layer-2 Lightning Community.
“Velocity’s structure demonstrates how Lightning and stablecoins can function collectively to maneuver cash at excessive scale with low charges, robust compliance, and international attain,” Tether mentioned in a press release on Tuesday.
“Velocity’s execution and adoption sign that Bitcoin-rooted networks are prepared for mainstream commerce,” Tether’s CEO Paolo Ardoino added.
The Bitcoin ecosystem-focused Ego Loss of life Capital additionally contributed to Velocity’s $8 million funding spherical.
Velocity serves over 1.2 million customers, creators, platforms, and enterprise retailers utilizing its Velocity Pockets and Velocity Service provider merchandise, processing greater than $1.5 billion in annual cost quantity.
The transfer additionally aligns with Tether’s technique to help Bitcoin-focused funds platforms and broaden the utility of the Tether (USDT) stablecoin, Ardoino mentioned.
“We again groups constructing sensible infrastructure that reduces friction in funds and will increase entry to dependable settlement rails.”
Tether has been spreading bets throughout a number of sectors
The funding provides to over 140 firms that Tether already backs because the stablecoin issuer expands from Bitcoin mining to AI, power, finance, and even soccer groups.
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A lot of these investments have come from Tether’s eye-popping income over the previous few years, which largely come from curiosity on US Treasury payments that again USDT, the world’s largest stablecoin with a $186.3 billion market cap.
Tether continues to rake in billions of {dollars} of revenue
Tether banked a revenue of greater than $10 billion throughout the primary three quarters of 2025, constructing on the $13.4 billion in revenue in 2024.
It is likely one of the most worthwhile firms on this planet on a per-employee foundation.
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