Bitfinex has announced the launch of a new blockchain, Stable, which is aimed at financial institutions and will utilize USDT for transaction execution. The project promises high speed and predictability.
Goals and Functions of the Stable Blockchain
The Stable blockchain is designed with the needs of financial institutions in mind, rather than retail users. One key feature of the project will be the introduction of 'enterprise lanes' — transaction channels optimized for low latency and high throughput.
The Role of USDT in the Blockchain
According to the developers, transactions involving USDT alone amount to over $100 billion daily. They noted that the current infrastructure for such volumes is suboptimal and can be costly. Stable aims to create a more predictable and efficient environment for stablecoin-powered transfers.
Prospects and Industry Watchers
The launch of the Stable blockchain signifies a new evolution in Tether's utility, moving it from a commonly used liquidity and trading tool to a core infrastructure for blockchain transaction mechanics. It is expected to attract fintech platforms and banks looking for reliable means of throughput. Details about mainnet launch timelines and technical specifications have yet to be disclosed, but industry observers are closely monitoring developments.
The Stable blockchain supported by Bitfinex may become a significant tool for financial institutions seeking high speed and predictable transactions, while allowing USDT to serve as a 'gas'.
