On July 31, according to CoinDesk, the new blockchain project Stable built around Tether's USDT announced the completion of a $28 million seed round, co-led by Bitfinex and Hack VC, with participation from Franklin Templeton, Castle Island Ventures, and KuCoin Ventures, as well as angel investors including Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson.
The Stable blockchain aims to use USDT as the base gas token to build a fast, low-cost stable payment network. Its roadmap will be advanced in three phases: the first phase will achieve USDT payment of gas fees and sub-second block confirmation; the second phase will provide block space guarantees for enterprise-level payments; the third phase will focus on developer tools and performance upgrades.
