Tether-backed payments start-up Stable has launched “Stablechain,” a dedicated Layer 1 blockchain that uses USDT as its native gas token. Announced on 2 July, the network promises sub-second block finality, transaction fees of well under one cent and throughput measured in thousands of transactions per second. The company, supported by Tether and Bitfinex, says the chain is purpose-built for low-cost payments, decentralised finance and tokenised real-world assets.
Stablechain is fully compatible with the Ethereum Virtual Machine, offers a USDT0 bridge powered by LayerZero for cross-chain transfers, and will roll out further upgrades in a three-phase roadmap that targets enterprise-grade scalability. Peer-to-peer USDT transfers are fee-free, while businesses can reserve dedicated block space for predictable performance.
The launch comes as stablecoins move deeper into mainstream finance. USDT alone now exceeds US$150 billion in circulation and reaches an estimated 350 million users, underscoring demand for dollar-pegged tokens that can settle instantly across borders.
Industry leaders see further room for growth. Circle co-founder and chief executive Jeremy Allaire last month called stablecoins the “highest utility form of money ever created,” but said the sector is still waiting for its “iPhone moment” that would spark mass-market adoption. Stable’s new network is the latest bid to supply the infrastructure that could make that breakthrough possible, though it must still win users and navigate intensifying regulatory scrutiny of privately issued digital dollars.
The rise of private stablecoins is a timebomb in society's foundations. But a public stablecoin system, using the same blockchain technology, would work like a Monetary Commons that makes possible a trust fund for all and a personal dividend for each!
⚡ INSIGHT: The GENIUS act will cement stablecoins as the basis of the global crypto economy. Can Bitcoin reach its full potential if that happens?
By @kyletorpey via Cointelegraph Magazine
