KuCoin Ventures Invests in Revolutionary USDT-Powered Stablecoin Blockchain Stable
In a groundbreaking move, KuCoin Ventures has invested in Stable, a high-throughput Layer 1 blockchain designed specifically for stablecoin applications. This USDT-powered blockchain aims to solve inefficiencies in on-chain payments, offering a seamless experience for users and businesses alike.
Why is KuCoin Ventures Betting on Stable?
KuCoin Ventures, the investment arm of the global cryptocurrency exchange KuCoin, has strategically backed Stable, the first “Stablechain” powered by USDT. This investment highlights the growing demand for specialized blockchain infrastructure tailored to stablecoin use cases. Key supporters include Bitfinex CTO Paolo Ardoino, Bitfinex, Hack VC, and Franklin Templeton.
How Does the USDT-Powered Blockchain Work?
Stable integrates payment-centric features directly into its protocol layer, eliminating the need for a separate utility token. Here’s how it stands out:
- USDT as Native Gas Token: Users can conduct gas-free peer-to-peer transfers.
- StableBFT Consensus: Derived from Cosmos’ CometBFT for enhanced scalability.
- DAG Architecture: Planned adoption to boost transaction speed.
What Are the Benefits of Stablecoin Payments on Stable?
Stable addresses long-standing challenges in on-chain payments, such as high fees and slow confirmations. Its enterprise-grade infrastructure allows businesses to request dedicated block space, ensuring consistent performance. This makes it ideal for cross-border and real-time transactions.
KuCoin Ventures’ Vision for Stablecoin Infrastructure
Cass Tsai, Head of KuCoin Ventures, emphasized Stable’s potential to facilitate scalable stablecoin circulation and settlement. The platform aligns with KuCoin’s strategy to back digital payment innovations, recognizing stablecoins’ role in modern finance.
FAQs About KuCoin Ventures and Stable
1. What is Stable?
Stable is a Layer 1 blockchain designed for stablecoin applications, powered by USDT.
2. Who are the key investors in Stable?
KuCoin Ventures, Bitfinex, Hack VC, and Franklin Templeton have backed Stable.
3. How does Stable improve stablecoin payments?
It uses USDT as the native gas token and integrates payment-centric features for efficiency.
4. What is the significance of KuCoin Ventures’ investment?
It underscores the growing importance of specialized blockchain solutions for stablecoins.
