A New Blockchain is Being Established: Tether CEO Made a Support Statement!

A new development has caught attention in the Crypto currency world. A new blockchain project called "Stable" has been announced, supported by the Bitfinex exchange and a venture associated with Tether, USDT0. Among the project's advisors is Tether CEO Paolo Ardoino.

This new chain, dubbed "Stable," will use USDT, the world's largest stablecoin, to (gas ücreti) transaction fees. The target audience of the chain, which is still under development, will not be individual users, but directly financial institutions. The development team, on the other hand, prefers to remain anonymous; The team is described only as "protocol engineers, fintech executives, and crypto entrepreneurs."

According to the information shared on social media platform X regarding the project, the most important promise of the chain will be the "enterprise lanes" to be offered for institutional users, which will allow for faster transactions. The developers stated, "USDT alone has a daily trading volume of over 100 billion dollars. However, the current infrastructure is volatile, costly, and fragmented."

With a market value exceeding 154 billion USD, Tether is the leader of the stablecoin market. It is followed by Circle's USDC, which has a value of 61 billion USD. The shares of Circle, which were publicly offered this week, quickly gained value after starting to trade on the New York Stock Exchange.

*Not investment advice.

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