The stablecoin train is rolling forward, will ETH, SOL, TRON say goodbye? Stablecoins have evolved from a trading matching tool on exchanges in 2017 to a universal "digital dollar" in the world by 2025, with an average daily settlement volume of more than $100 billion on the chain, even surpassing Visa's global clearing. But ETH is too expensive and too slow, and stablecoins need execution layer expansion and low fees. Although TRON is fast, it is centralised, which gradually exposes the problem of rising fees. Solana is strong enough in terms of performance, but the ecosystem is not built around stablecoins, and there is a problem of cross-chain liquidity fragmentation. In this "expensive and decentralised" multi-chain world, USDT, as the stablecoin with the largest market share, does not have a chain that truly takes itself as its native asset. @stable is a new generation of Layer 1 with the deep participation of Bitfinex and Tether teams in this context, aiming to achieve: - USDT is native Gas - Peer-to-peer USDT transfers are free - USDT0 for seamless cross-chain transfers - Smart contracts run on stablecoins - The app enables a gas-free user experience - Native fiat currency deposit and withdrawal channels - Enterprise-grade channels ensure high throughput Is this another Layer 1 like Plasma? Tether is transforming from a stablecoin issuer to a complete "issuance + clearing + architecture" integrated financial platform. Tron is currently the most threatened, as a large part of Tron's block space comes from Tether transfers. This may also be the reason why Brother Sun vigorously develops USD1. ETH is primarily a DeFi and censorship-resistant value, with limited influence by Plasma and Stable. To put it bluntly, SOL didn't start because of stablecoins. Stablecoins are the main line at this stage. How do we retail investors get on the bus? @BiteyeCN will publish a research report 👀 soon