USDT based Layer 1 network Stable officially announced, using USDT as gas and free peer-to-peer transfers

BlockBeats news, on June 9th, according to official sources, the first USDT based Layer 1 network Stable was officially announced. The project is supported by Bitfinex and the USDT unified liquidity protocol USDT0, and the network uses USDT as the native gas, with free peer-to-peer USDT transfers. Tether CEO Paolo Ardoino serves as a consultant for the project. It is reported that Stable's market positioning is financial institutions, not retail users. At present, its internal testing network has been launched, and the team is guiding early builders to explore SDKs for wallet, application, and hosting integration.