‍KuCoin Ventures Invests in USDT-Powered Layer1 Blockchain Stable

KuCoin Ventures has announced a significant investment in Stable, a project developing the first high-throughput Layer1 blockchain powered by USDT. The goal is to create a global stablecoin clearing and settlement network.

Stable aims to address inefficiencies in current digital payment systems by tackling fluctuating fees, slow confirmation times, and complex user interactions. The blockchain utilizes USDT for gas fees and settlement, ensuring high throughput, predictable low fees, and a simplified user experience.

"We firmly believe in the long-term potential of stablecoins in global payment ecosystems," stated Cass Tsai, Head of KuCoin Ventures. "Stable provides a clear path forward for scalable stablecoin circulation, settlement, and cross-border use cases."