Tether to Launch Stable Blockchain: Is It a Game-Changer for USDT Users?
The company that created the most widely used USD stablecoin in the world, Tether, plans to operate on its own blockchain. Forms of USDT will be used by the chain, Stable, for both settlement and gas taxes. Tether has complained that running the stablecoin on several public blockchains has resulted in complicated user experiences, unexpected and expensive fees, and insufficient speed and privacy.
Can Tether’s Stable Network Fix Blockchain Bottlenecks?
Similar to other blockchain developers and consumers, Tether’s main reasons for looking for a substitute include network traffic, scalability, and ambiguity around fees and settlement speed.
With over $150 billion in circulation and more than 350 million users globally, USDT leads the stablecoin market, powering centralized exchanges, decentralized finance (DeFi), and international payments. Yet, current infrastructure struggles to meet increasing demands for lower costs, higher speeds, and greater reliability.
Tether
While it doesn’t entirely eliminate complexity, Tether‘s Stable network at least centralizes everything. The architecture has a few peculiarities, and some of the precise technologies it will use have not yet been decided. As the network develops, these will be added as enhancements and updates, according to Tether’s Stable roadmap.
What Makes Tether’s Stable Blockchain Unique? EVM, Dual Chains, and More
According to Tether, Stable is a USDT-focused network and the definitive home for USDT, with sub-second block speeds and complete Ethereum Virtual Machine (EVM) contract and tool compatibility. The Stable Public Chain and the Plasma Chain make up Stable’s dual-chain parallel model.
The primary Layer 1 blockchain, the Stable Public Chain, is where all final transactions take place. In order to process massive volumes of micropayments and small transactions more effectively, Plasma Chain operates in parallel and settles on the Public Chain at specific intervals. Although Lightning Network uses pre-funded payment channels and Plasma has its own consensus process, their relationship is comparable to that of Bitcoin‘s main chain.
Stable EVM, an execution layer that is completely compatible with Ethereum to communicate with its tools and wallets, is another component of Stable’s stack. The roadmap also considers introducing StableVM++, a C++ alternative with enhanced optimistic block processing (OBP) and optimistic parallel execution (OPE) capabilities. Additionally, by storing recent data in memory and writing it to disk later, StableDB seeks to accelerate blockchain data storage. Additionally, the stack features an RPC (remote procedure call) layer that claims nodes will respond more quickly.
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