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- Stable introduces a Layer 1 blockchain with USDT as the native gas token.
- Peer-to-peer transactions will be free to support user adoption.
- The project focuses on creating a smooth experience in emerging markets.
A new project named Stable has stepped out of stealth mode with a bold move in the blockchain world. The team behind it, supported by Bitfinex, is building a new Layer 1 blockchain where Tether’s stablecoin, USDT, is used to pay all transaction fees. This is a major shift in how users interact with digital currencies on-chain.
Using USDT as its native token, Stable removes the need for a separate cryptocurrency such as ETH or SOL to access network fees. This is great for users, especially those who might not be familiar with crypto exchanges and managing wallets.
Moreover, it solves the hassle of having different coins to complete simple transactions. Stable’s blockchain is purposed for transparency and simplicity. It is dedicated to dollar-denominated smart contracts and wallets that do not require the traditional “gas” to function. Thus, users can transfer their funds without needing to know about all the intricate systems inside.
USDT Transfers Made Easy and Cost-Free
A notable feature of the new blockchain is that P2P transfers will be free. No gas fees, no hidden costs. Stable wants to offer users in developing countries free financial transfers, unlike the often expensive and unreliable systems in place in those regions.
Stable offers a better alternative: simple, dollar-based transactions that work instantly. This could change the flow of remittances and small payments across borders. In many cases, people lose a part of their money to intermediaries.
Stable removes that burden by removing transaction costs for person-to-person use. It’s not a goal of building new technology. It’s access. Stable believes that stablecoins are integral to bringing more people into blockchain-based finance and avoiding confusion with unnecessary tools or currencies.
Designing a Smoother Blockchain Experience
Stable claims to be developing a product in which the blockchain feels invisible. The technology is indeed decentralized and secure, but the users will not need to think about that. Everything will feel like a normal app.
Institutions can benefit too. With frameworks supporting smart contracts in dollars, the big players can establish reliable services off a stable, consistent platform. There’s no need to worry about the fluctuating value of cryptocurrencies, thus facilitating the creation of dependable products.
Stable is self-testing its network and soliciting developers to onboard. There’s no official launch date, but the vision is clear: a blockchain world where normal people don’t even know they’re using one.
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