‘StableChain’ Launch Shows How Far Crypto Has Strayed From Bitcoin’s Original Promise

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StableChain, which is a new layer-one blockchain network built around Tether’s USDT stablecoin by a company known as Stable, went live with its mainnet today, alongside the launch of its native STABLE token. This network runs transactions entirely in USDT, which is by far the largest stablecoin in the world, while the STABLE token is used for governance, staking, and validator incentives behind the scenes.

Backed by crypto exchange Bitfinex, PayPal, and many others, Stable aims to…



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‘StableChain’ Launch Shows How Far Crypto Has Strayed From Bitcoin’s Original Promise



StableChain, which is a new layer-one blockchain network built around Tether’s USDT stablecoin by a company known as Stable, went live with its mainnet today, alongside the launch of its native STABLE token. This network runs transactions entirely in USDT, which is by far the largest stablecoin in the world, while the STABLE token is used for governance, staking, and validator incentives behind the scenes.

Backed by crypto exchange Bitfinex, PayPal, and many others, Stable aims to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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