USDT-based Blockchain: Stable Secures Astounding $28M to Revolutionize Payments

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.