The stablecoin train is rolling forward, will ETH, SOL, and TRON say goodbye? Stablecoins have evolved from a trading matching tool on exchanges in 2017 to a universal "digital dollar" by 2025, with an on-chain daily settlement volume exceeding $100 billion, even surpassing Visa's global clearing. However, ETH is too expensive and slow; stablecoins need execution layer expansion and low fees. TRON, while fast, is centralized and is gradually exposing issues with rising fees. Solana is strong enough in performance, but its ecosystem is not built around stablecoins, leading to fragmented cross-chain liquidity. In this "expensive and decentralized" multi-chain world, USDT, as the largest stablecoin by market share, does not have a single chain that truly uses it as a native asset. @stable is a new generation Layer 1, deeply participated in by the Bitfinex and Tether teams, aimed at achieving: - USDT as the native Gas - Free peer-to-peer USDT transfers - Seamless cross-chain transfers with USDT0 - Smart contracts operating on stablecoins - Applications providing a gas-free user experience - Native fiat deposit and withdrawal channels - Enterprise-level channels ensuring high throughput Is this another Layer 1 like Plasma? Tether is transitioning from a stablecoin issuer to a complete integrated financial platform of "issuance + clearing + architecture." Currently, Tron faces the greatest threat, as a significant portion of its block space demand comes from Tether's transfers. This may also be the reason why Sun is vigorously developing USD1. ETH mainly represents DeFi and anti-censorship value, with limited influence from Plasma and Stable. SOL, to put it simply, was not founded because of stablecoins. Stablecoins are the main storyline at this stage. How can we retail investors get on board? @BiteyeCN will soon release a research report 👀