StableChain, led by Joshua Harding, launched its blockchain dedicated to USDT transactions, focusing on low fees and fast processing, aiming for widespread adoption, with strong backing from industry players.
This initiative could dramatically lower transaction costs and enhance liquidity, potentially redirecting stablecoin traffic from congested networks.
Funding Secured: $28 Million Backs StableChain Launch
Funding Secured: $28 Million Backs StableChain Launch
StableChain introduces a blockchain dedicated to USDT, promising low fees and high throughput. Joshua Harding leads as CEO, with backing from Paolo Ardoino of Tether. The $28 million funding highlights institutional confidence.
Key innovations in StableChain include gas-free transactions with USDT as the native gas token. These enhancements aim to boost USDT utility across various chains, impacting Ethereum, Arbitrum, and others.
Ethereum’s Dominance Challenged by StableChain’s Launch
StableChain may redirect substantial stablecoin volumes from existing networks such as Ethereum. These shifts could result in reduced transaction fees and heightened efficiency for users.
Financially, StableChain’s launch is set to streamline microtransactions and remittances. Regulatory shifts in the U.S. are anticipated to support institutional stablecoin adoption, projecting a positive outlook.
StableChain’s Unique Approach: USDT as Native Gas Token
Past projects like Plasma and Noble attempted similar integrations, but lacked dedicated native gas solutions. In contrast, StableChain’s focus on USDT marks a unique scaling approach. “Our goal is to optimize low-fee, high-throughput transactions using USDT as the native gas,” said Joshua Harding, Founder & CEO of Stable. source
According to Mike Garland (Alchemy), solving blockchain payment challenges is crucial. Kanalcoin’s insights forecast a transformative impact on stablecoin transactions through StableChain’s dedicated focus.
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