On June 9, the first Layer 1 blockchain network built on USDT called Stable was officially announced. The project received support from Bitfinex and USDT0 – the USDT liquidation integration protocol. A highlight of Stable is the use of USDT as the native Gas unit across the entire network, while also providing completely free peer-to-peer USDT transfer services.
According to the development team, Stable is not targeting individual users, but focuses on serving financial institutions – a group with needs for specialized, efficient, and cost-optimized blockchain infrastructure.
Additionally, the project has advisory participation from Paolo Ardoino, CEO of Tether – the company issuing the USDT stablecoin. This somewhat reflects Tether's long-term strategic direction in expanding the ecosystem using USDT as a central asset for new blockchain infrastructures.
Currently, the internal testnet of Stable has been deployed, and the development team is supporting the first developers to access the SDK toolkit to build wallets, applications, and integrate asset custody solutions on this platform.
