Stable, a new blockchain project backed by Bitfinex and USDT0, focuses on targeting financial institutions using USDT for gas fees.
Stable operates differently from other projects by providing free transfers between users and offering Enterprise Lanes for faster transactions.
The development team of Stable remains anonymous but managed to raise $24 million in its seed round with notable investors like Peter Thiel and Framework Ventures.
The launch of Stable coincides with a growing interest from financial institutions in blockchain technology, with other projects like Tradeweb and Solana also making moves in this space.