Crypt even There was a new development in the world. A new blockchain project, supported by the USDT0, an initiative associated with the Bitfinex exchange and Tether, has been announced. Tether CEO Paolo Ardoino is among the advisors of the project.
This new chain, named “Stable, will use the USDT, the world’s largest stablecoin, for processing fees (gas fee). The target audience of the chain, which is still under development, will not be individual users, but direct financial institutions. The developer team prefers to remain anonymous; The team is defined only as “protocol engineers, fintech managers and crypto entrepreneurs ..
According to the information shared on the social media platform of the project, the most important promise of the chain will be “Enterprise Lanes”, which will be presented for corporate users, that is, special ways that allow you to perform faster transactions. “USDT alone has a daily transaction volume of more than $ 100 billion. But the existing infrastructure is volatil, costly and disintegrated,” he said.
Tether, which exceeds $ 154 billion, is the leader of the Stablecoin market. He follows Circle’s USDC with a value of $ 61 billion. Circle’s shares, which were offered to the public this week, quickly gained value after starting to be traded on the New York Stock Exchange.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/yeni-bir-blockchain-kuruluyor-tether-ceosu-destek-aciklamasi-yapti/
