PANews reported on June 7 that according to DL News, a new blockchain project called Stable is about to be launched. The project is supported by the cryptocurrency exchange Bitfinex and USDT0, and Tether CEO Paolo Ardoino provides consulting. The Stable blockchain will use USDT to pay transaction fees. It is reported that the market positioning of the blockchain is financial institutions rather than retail users. It is not clear who is behind the project. The X platform only shows that the team consists of "protocol engineers, fintech operators and cryptocurrency founders."