USDT-based Blockchain: Stable Secures Astounding $28M to Revolutionize Payments
Main Idea
Stable has raised $28M to develop a dedicated USDT-based blockchain aimed at revolutionizing stablecoin payments by addressing high fees and inefficiencies on general-purpose blockchains.
Key Points
1. Stable is creating a layer-1 blockchain exclusively for stablecoins, with USDT as its native gas token, to improve payment efficiency and reduce costs.
2. The project addresses common issues like high fees and inefficiencies on general-purpose blockchains where stablecoins like USDT currently operate.
3. Key investors, including crypto-native giants, support Stable's vision, lending credibility to its ambitious project.
4. The rollout is phased, starting with infrastructure development in 2024, followed by a USDT aggregator, developer tools, and a mainnet launch in late Q3/early Q4 2025.
5. Potential challenges include competition from established blockchains and the need to adapt to evolving regulatory landscapes.
Description
BitcoinWorld USDT-based Blockchain: Stable Secures Astounding $28M to Revolutionize Payments In the dynamic world of cryptocurrency, innovation never truly sleeps. A new player, Stable, is making significant waves, having successfully raised an astounding $28 million in a seed round. This substantial funding is earmarked for a bold vision: the creation of a dedicated USDT-based blockchain , poised to redefine how we think about stablecoin payments. What is Stable, and Why a Dedicated USDT-based ...
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