Tether creates ‘Stable’ blockchain built just for USDT economy
The post Tether creates ‘Stable’ blockchain built just for USDT economy appeared on BitcoinEthereumNews.com.
Homepage > News > Business > Tether creates ‘Stable’ blockchain built just for USDT economy Tether, the company behind the world’s most commonly used USD stablecoin of the same name, is set to run on its own blockchain. The chain, called “Stable,” will use forms of USDT for both settlement and “gas” fees. Tether has cited “unpredictable and high fees,” inadequate speed and privacy, and “complex user experience” among its grievances with operating the stablecoin on multiple public blockchains. Other stablecoin operators will likely be interested in Tether’s latest moves. There is now over US$250 billion in value circulating in the digital economy, with some projections claiming that number will double and more over the next couple of years. Over 62% of that total is in Tether (or USDT) at $159 billion, with Circle’s USDC coming in second at 24% ($62.2 billion). There are several others to account for the remaining billions, though their market share percentages are in the single digits. USDT tokens exist on multiple blockchains. Most Tether “lives” on TRON (TRC-20), which accounts for around 37% of the total supply. Ethereum (ERC-20) is just behind that with ~31%, and there are smaller shares of USDT on Polygon, Solana, Avalanche, and BNB Chain (as well as several others). Though exchanges will generally allow USDT holders to withdraw on any network they choose, you can’t send ERC-20 Tethers to a TRC-20 address without using a “bridge” between networks, and having the know-how to do so. The same situation applies to USDC. Tether transactions make up a large proportion of network traffic on these blockchains, particularly TRON—it’s more than half of TRON’s total transaction volume. A native USDT token also works as a marketing and credibility boost for these networks, attracting users and developers who may want to try their…
Filed under: News - @ July 14, 2025 11:27 am