Why is Stablechain so important?
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According to CoinMarketCap, Stable has launched Stablechain, the first USDT-powered Layer 1 blockchain. I am still not getting how this differs from other blockchains by using USDT as gas.
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Stablechain is the first Layer 1 blockchain specially designed for stablecoin payments and uses USDT for gas directly. Through this, the transactions become easier, faster, and more predictable by eliminating variable gas fees. It also provides a reliable, effective platform for global payments.
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Stablechain uses USDT as its native gas token, unlike traditional blockchains that rely on volatile native coins. This approach reduces transaction cost volatility, improves predictability, boosts DeFi interoperability, and simplifies adoption, making it attractive to users, developers, and new projects.
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So, according to you, Stablechain relies on USDT as its native gas token. Does that truly make it more stable and scalable in the long term, or could dependence on a centralized stablecoin introduce new risks, such as regulatory control or liquidity issues?
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Using USDT as Stablechain’s gas token offers short-term stability but raises long-term concerns. Dependence on a centralized stablecoin exposes it to regulatory scrutiny, liquidity risks, and a potential loss of trust. Diversifying its gas token model could enhance resilience and safeguard future scalability and independence.