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USDT-driven Blockchain Stable completes $28 million financing to build a high-speed, low-cost Payment Network.
[Chain News] On July 31, it was reported that the new blockchain project Stable, built around USDT, has completed a $28 million seed round financing, led by a certain trading platform and Hack VC, with other supporters including Franklin Templeton, Castle Island Ventures, and a certain trading platform's venture capital department, as well as angel investors such as Paolo Ardoino, CEO of the USDT issuer, and Bryan Johnson, founder of Braintree.
The Stable Blockchain aims to use USDT as the underlying gas token to build a fast, low-cost stable payment network. Its roadmap progresses in three phases: the first phase achieves USDT payment of gas fees and sub-second block confirmations; the second phase provides block space assurance for enterprise-level payments; the third phase focuses on developer tools and performance upgrades.