- Stable counts itself as the first “stablechain”, a blockchain designed specifically to facilitate Stablecoin activity on scale and powered by USDT.
- There is an increasing agreement that the StableCoin infrastructure must be improved, which is seen by the participation of both conventional financial investors and crypto-in-born investors.
A strategic investment in stable, a high-flowing layer 1 Blockchain specifically created for StableCoin issue, settlement and payment infrastructure, has been announced by Kucoin Ventures, the investment department in the global Cryptocurrency exchange. Stable counts itself as the first “stablechain”, a blockchain designed specifically to facilitate Stablecoin activity on scale and powered by USDT.
Team from Bitfinex and Tether supports the project, while Bitfinex CTO Paolo Ardoino gives advice. Among other things, Franklin Templeton, Bitfinex, Hack VC, Kucoin Ventures and Ardoino participated in the funding round. There is an increasing agreement that the StableCoin infrastructure must be improved, which is seen by the participation of both conventional financial investors and crypto-in-born investors.
Stable, in contrast to general blockchains such as Ethereum or Tron, is designed for Stablecoin use cases and tries to address a number of problems with current payments on the chain. These consist of uneven costs, extended confirmation periods and user experience hiccups. By integrating features directly into its basic protocol, Stables Architecture offers a more efficient payment method.
Joshua Harding, co -founder and CEO of Stable pronounced:
“Payment infrastructure around the world needs a review, and traditional methods have failed to achieve fast, reliable and secure digital payments despite huge demand from consumers all over the world. Stall was developed to take advantage of the potential behind Stablecoins.
The use of USDT as the original gastoken, which removes the need for users to retain a separate platform token, is one of Stable’s primary differentiators. Gas-free peer-to-peer USDT transfers effectively streamline the payment procedure. Blockchain will use day (targeted acyclical graph) design to significantly increase throughput and shorten confirmation times. It is based on Stablebft -Consensus, which was developed from Cosmos’ Cometbft. Enterprise class scalability is another function that stable offers, which allows companies to apply for dedicated block space to ensure consistent transaction influx.
Cass Tsai, Head of Kucoin Ventures, commented on the investment, said:
“We believe in the long-term potential for Stablecoins in global payment ecosystems. Stable, as a high-performance blockchain tailor-made for USDT, provides a clear way forward for scalable Stablecoin circulation, decommissioning and cross-border networks.
By recognizing the weight Stablecoins will play in future financial systems, Kucoin Venture’s strategic emphasis continues on Stablecoin Ecosystems and the next generation of payment infrastructure with this investment.
