#CryptoFees101 Stable project adopts Tether's USDT for fast transaction fees

A new project called Stable is being developed to create a blockchain, a kind of digital ledger to record transactions, which will use Tether's USDT, the largest stablecoin, to pay transaction fees.

Bitfinex, a cryptocurrency exchange platform, and USDT0, a company affiliated with Tether that facilitates the operation of USDT across various blockchains, support this project. Tether's CEO, Paolo Ardoino, is guiding the project, aimed at large financial companies, not the general public.

The Stable team is excited about a feature called "business lines," which will streamline transactions and solve issues such as high costs and the unreliability of current blockchain systems.

According to reports, USDT manages over $100 billion in daily transactions, but current setups can be precarious and expensive. Stable aims to simplify and strengthen the management of banks and financial entities.

Those developing Stable are experts in technology, finance, and cryptocurrencies, but their names have not yet been made public. Stablecoins like USDT are popular for their utility; some people in developing countries use them to protect their money's value, and large financial companies, including the family of U.S. President Donald Trump, are exploring them.