There have been some amazing new developments in the cryptocurrency world. A new blockchain project called “Stable” has been announced, supported by USDT0, an initiative related to Bitfinex Exchange and Tether. Tether CEO Paolo Aldoino is one of the project’s advisors.
The new chain, known as “Stable,” will use USDT, the world’s largest Stablecoin, for transaction fees (gasoline fees). The target audience for the chain, which is still in the development stage, is not individual users, but financial institutions. Development teams prefer to describe the teams only as “protocol engineers, fintech executives, crypto entrepreneurs.”
According to information shared on the project’s social media platform X, the chain’s most important promise is the “enterprise lane” for business users, a special path that allows faster transactions. “USDT alone has more than $100 billion in trading volumes every day. But today’s infrastructure is volatile, expensive and fragmented,” the developer said.
With a market value of over $154 billion, Tether is the leader in the Stablecoin market. Circle’s USDC continues at a value of $61 billion. The Circle stock, published this week, was acquired quickly after it began trading on the New York Stock Exchange.
*This is not investment advice.