Stable has released its Layer 1 blockchain, Stablechain, the first blockchain network that uses USDT of Tether as a native gas and as a settlement token. Introduced on Tuesday, this blockchain is meant to provide cheaper, faster, and more predictable transactions on the stablecoin side.
Stablechain has near-instant (sub-second) transaction finality and is compatible with the Ethereum Virtual Machine (EVM). It allows developers to create decentralized applications with the existing Ethereum tools but with better speed and cost efficiency. It is also combined with a decentralized version of USDT0 based on LayerZero. Payments executed with USDT0 require no gas charge, making payments smooth and efficient.
The launch also eliminates some of the major problems of crypto transactions, such as the unstable gas price and slow confirmation period. By placing the at the center of payments and network functioning, Stable will make using blockchain more accessible to both individuals and institutions.