Stablecoin issuer Tether has led an $8 million funding spherical in Lightning funds startup Velocity, alongside Bitcoin ecosystem-focused enterprise agency Ego Dying Capital.
Funding spherical and Lightning focus
Velocity mentioned the funding will help its push to allow extra enterprise stablecoin funds over the Bitcoin layer-2 Lightning Community.
Tether mentioned in a Tuesday assertion:
“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 CEO Paolo Ardoino added:
“Velocity’s execution and adoption sign that Bitcoin-rooted networks are prepared for mainstream commerce.”
Velocity’s reported scale
Velocity mentioned it serves greater than 1.2 million customers, creators, platforms, and enterprise retailers by means of its Velocity Pockets and Velocity Service provider merchandise.
The corporate additionally reported processing greater than $1.5 billion in annual fee quantity.
Tether’s broader funding push
The Velocity funding provides to greater than 140 corporations that Tether backs, because it expands into areas together with bitcoin mining.
Earnings and USDT development
The report famous that a lot of Tether’s investments have been funded by earnings tied largely to curiosity earned on US Treasury payments backing USDT.
Tether reported revenue of greater than $10 billion throughout the primary three quarters of 2025, following $13.4 billion in revenue in 2024.
USDT was described because the world’s largest stablecoin, with a $186.3 billion market cap.