KuCoin Ventures has made a strategic investment in Stable, a groundbreaking USDT-powered stablecoin blockchain designed to transform the way we handle stablecoin payments. This move signals a major shift toward specialized blockchain infrastructure for stablecoins.
Why is KuCoin Ventures Betting on a USDT-Powered Blockchain?
KuCoin Ventures, the investment arm of the global cryptocurrency exchange KuCoin, has placed its confidence in Stable, a high-throughput Layer 1 blockchain built specifically for stablecoin applications. Here’s why this matters:
- First “Stablechain”: Stable is the first blockchain optimized for stablecoin issuance, settlement, and payments.
- USDT as Native Gas: Unlike other blockchains, Stable uses USDT for transaction fees, eliminating the need for a separate utility token.
- Enterprise-Grade Infrastructure: Businesses can request dedicated block space for consistent performance.
How Does Stable Improve Stablecoin Payments?
Stable addresses key inefficiencies in on-chain payments, offering:
- Low Fees: Reduced transaction costs compared to Ethereum and Tron.
- Fast Confirmations: Uses StableBFT (derived from Cosmos’ CometBFT) for speed.
- Scalability: Plans to adopt a Directed Acyclic Graph (DAG) architecture.
Who Else Supports This Stablecoin Blockchain?
Stable has attracted backing from major players, including:
- Bitfinex CTO Paolo Ardoino
- Hack VC
- Franklin Templeton
What’s Next for Stable and KuCoin Ventures?
Cass Tsai, Head of KuCoin Ventures, emphasized Stable’s potential to facilitate scalable stablecoin circulation and cross-border transactions. The platform previously raised $28 million in seed funding, signaling strong industry confidence.
FAQs
1. What makes Stable different from Ethereum or Tron?
Stable is purpose-built for stablecoins, integrating payment-centric features directly into its protocol, unlike general-purpose blockchains.
2. How does Stable reduce transaction fees?
By using USDT as the native gas token, Stable eliminates the need for a separate utility token, lowering costs.
3. Who are the key investors in Stable?
KuCoin Ventures, Bitfinex, Hack VC, and Franklin Templeton are among the major backers.
4. What is StableBFT?
It’s a consensus mechanism derived from Cosmos’ CometBFT, designed for speed and efficiency.
