Stable, a team of programmers and protocol engineers backed by Bitfinex, has emerged from stealth to announce the development of the first Layer 1 blockchain where Tether’s USDT serves as the native token for transaction fees. Additionally, all peer-to-peer transfers between individuals will be free of charge to encourage onchain activity in emerging markets.
Project Background and Core Technology
The project was unveiled on Thursday, revealing a blockchain designed to simplify stablecoin usage. Unlike other platforms that require users to hold a separate native token for gas fees, Stable’s chain allows USDT to be used directly. The team highlighted that current blockchain initiatives fail to provide stablecoins with a suitable ecosystem for mass adoption, citing high volatility, cost, and fragmentation as key pain points.
“USDT alone settles over $100B daily. However, the current infrastructure is volatile, costly, and fragmented. Stable is here to change that,” the team stated.
Key Features and Target Users
The blockchain offers seamless fiat onboarding, smart contracts operating in dollars, and a simplified wallet experience that can function without gas fees for ordinary users. Stable aims to serve institutions by creating an ecosystem where digital dollars replace complexity, end users may not even realize they are using decentralized rails. “That’s the future we’re building toward, where users don’t even realize they’re on a blockchain. At launch, some on-chain UX remains, but our roadmap is designed to make it disappear,” the team emphasized.
Tether CEO’s Endorsement
Tether CEO Paolo Ardoino congratulated Stable on its innovative proposal. “Stablecoin use case for payments, remittances, and trading is immense. We’re still early,” Ardoino said, signaling strong support from the largest stablecoin issuer.
Current Status and Roadmap
While no launch date has been disclosed, Stable confirmed it is currently running an early internal testnet and onboarding early builders. The roadmap is focused on eliminating the remaining on-chain friction, aiming for a future where stablecoins operate seamlessly in the background.