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Stable Blockchain Backed by Bitfinex Aims at Institutions

  • 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.

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