This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
A new blockchain project called Stable, backed by Bitfinex and Tether, is making waves by targeting financial institutions instead of retail users. With USDT as its gas fee token and a $24 million seed round, Stable aims to simplify institutional blockchain adoption.
- Stable uses USDT for gas fees and targets financial institutions, offering free transfers and high-speed 'Enterprise Lanes'.
- Backed by Bitfinex and Tether, Stable raised $24 million despite having an anonymous development team.
- The project aligns with growing institutional blockchain adoption, as seen in recent partnerships like Solana with HSBC and Bank of America.
📎 Related coverage from: crypto-news-flash.com
Other Tags: Tether (USDT), Lily Liu, Peter Thiel, Bank of America, Bitfinex, Blockchain, DeFi, Euroclear, Framework Ventures, HSBC, Securitize