{"id":24570,"date":"2025-06-06T19:00:00","date_gmt":"2025-06-06T16:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-and-bitfinex-to-back-usdt-based-blockchain-project-stable\/"},"modified":"2025-06-06T19:00:00","modified_gmt":"2025-06-06T16:00:00","slug":"tether-and-bitfinex-to-back-usdt-based-blockchain-project-stable","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tether-and-bitfinex-to-back-usdt-based-blockchain-project-stable\/","title":{"rendered":"Tether and Bitfinex to Back USDT-Based Blockchain Project Stable"},"content":{"rendered":"<p>The L1 blockchain Stable is preparing for launch with support from the Bitfinex exchange and USDT0, a company affiliated with Tether. Paolo Ardoino, the CEO of the latter, serves as an advisor.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019ve spent the past year quietly building new financial infrastructure \u2014 backed by <a href=\"https:\/\/twitter.com\/bitfinex?ref_src=twsrc%5Etfw\">@Bitfinex<\/a> and <a href=\"https:\/\/twitter.com\/USDT0_to?ref_src=twsrc%5Etfw\">@USDT0_to<\/a>.<\/p>\n<p>Today, we\u2019re stepping out of stealth. ?<\/p>\n<p>Introducing Stable, a new Layer 1 blockchain where USDT is the native gas, and peer-to-peer USDT transfers are free.<\/p>\n<p>Built for\u2026 <a href=\"https:\/\/t.co\/F67ctbkWFg\">pic.twitter.com\/F67ctbkWFg<\/a><\/p>\n<p>\u2014 Stable (@stable) <a href=\"https:\/\/twitter.com\/stable\/status\/1930626732144640175?ref_src=twsrc%5Etfw\">June 5, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Stable will use the USDT stablecoin to pay fees, and will make P2P transfers of these &#8220;stablecoins&#8221; free. The project is aimed at institutional users.<\/p>\n<p>Currently, developers are testing the future network. A key offering of Stable will be &#8220;enterprise lanes,&#8221; which will provide expedited transaction processing for financial institutions.<\/p>\n<p>According to the team, &#8220;the current infrastructure for stablecoins is fragmented, expensive, and unstable,&#8221; despite USDT alone facilitating over $100 billion in daily transaction volume. The Stable project aims to address these issues.<\/p>\n<p>Stable will enable money transfers, global payments, the creation of stablecoin-based neobanks, and treasury management. It also promises support for on-chain currency operations, lending, settlements, and cross-border B2B payments.<\/p>\n<p>The project is being developed by &#8220;protocol engineers, fintech operators, and founders of cryptocurrency projects.&#8221;<\/p>\n<p>Earlier in June, the total market capitalization of stablecoins <a href=\"https:\/\/forklog.com\/en\/news\/stablecoin-market-capitalisation-surpasses-250-billion\">surpassed<\/a> the $250 billion mark for the first time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The L1 blockchain Stable is preparing for launch with support from the Bitfinex exchange and USDT0, a company affiliated with Tether. Paolo Ardoino, the CEO of the latter, serves as an advisor. We\u2019ve spent the past year quietly building new financial infrastructure \u2014 backed by @Bitfinex and @USDT0_to. Today, we\u2019re stepping out of stealth. ? [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[95,1156,807,1245],"class_list":["post-24570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitfinex","tag-institutional-investors-and-whales","tag-stablecoins","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"137","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24570"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24569"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}