The stablecoin market is benefiting from the implementation of regulatory frameworks to consolidate its unprecedented growth. However, Tether’s USDT stablecoin is largely excluded from this equation, despite its leading position. But the Stable blockchain is here to change that.
Tether launches a “stablechain” dedicated to USDT
The position of Tether, issuer of the star stablecoin USDT, in the cryptocurrency sector has always been controversial. Originally, this mistrust stemmed from its high degree of centralization and its policy of opacity regarding its actual reserves.
Then came the adoption of stablecoins, which has now reached the point where it concerns major banking players and the President of the United States himself. This paradigm shift is largely unfavorable to the industry leader, despite its estimated daily profits of $20 million.
The CEO of Tether prefers to talk about a deliberate choice to refuse to comply with regulations, in the face of rejection by Europe and probably the United States. At the same time, he is looking for solutions to consolidate the USDT’s overwhelming dominance. This strategy could well take the form of a blockchain specifically dedicated to optimizing its payments.
This is certainly what the announcement of the launch of a “stablechain,” soberly named Stable, suggests. “A scalable, secure, and user-friendly blockchain specifically designed for the practical needs of USDT,” according to the project’s technical documentation.
Stable: “unlocking the true potential of stablecoins”
According to the official publication on the X network, the Stable blockchain is a layer 1 designed to optimize USDT payments. This promise is based on three key points: simplicity worthy of sending a text message, no hidden fees for businesses, and accessibility for developers:
- Optimized for USDT: fee-free USDT transfers, large-scale USDT transfers, and USDT issuance and settlement capabilities;
- Designed for everyday use: transactions finalized in less than a second with minimal costs, using a native wallet;
- Customized features for businesses: guaranteed block space allocation, efficient USDT transaction processing, high throughput capabilities, and comprehensive security measures.
Whether serving individual users in emerging markets or financial institutions managing substantial transaction volumes, Stable provides an optimal environment for offering fee-free USDT transfers and faster, cheaper, and significantly more efficient transactions.
Stable
But Tether’s stablechain could well be more than just a tool for its stablecoin. Initially powered by USDT as a utility token, this blockchain offers a three-phase roadmap aimed at making it a high-performance blockchain “to unlock the full potential of stablecoins.” This is definitely one to watch.
