A new blockchain project 'Stable' supported by the USDT stablecoin from Tether and Bitfinex has been announced in the cryptocurrency market.
Support and Purpose of the Project
The 'Stable' blockchain will use USDT for transaction fees. The project is targeted at financial institutions rather than individual users.
Anonymous Development Team
The development team describes themselves as 'protocol engineers, fintech executives, and crypto entrepreneurs,' while their names remain undisclosed.
Advantages and Promises of 'Stable'
Information shared on the project's social media points to the creation of 'enterprise lanes' for users, which will expedite transactions. Developers noted that 'USDT processes over $100 billion daily, but the current infrastructure is volatile and costly.'
The 'Stable' blockchain from Tether and Bitfinex has the potential to transform the financial sector by implementing innovative technologies and solutions aimed at improving transaction infrastructure.
