Chainfeeds Introduction:
If blockchain is viewed as a digital nation, USDT is undoubtedly the core asset driving on-chain GDP growth, and Stable is precisely the infrastructure network tailored for USDT use cases. So, what specific value can Stable actually create for users?
Article Source:
https://x.com/FourPillarsFP/status/1947974154839540101
Article Author:
100y.eth💜 | a41
Perspective:
100y.eth💜 | a41: Blockchain is a form of national state. In blockchain, consensus algorithms are equivalent to physical laws, validators are like parliamentary members, dApps are companies on-chain, and native tokens are reserve currencies. So, how can we calculate a blockchain's GDP? From the MV=PQ perspective, when on-chain TVL and monetary circulation velocity increase, the blockchain's GDP grows. From this viewpoint, USDT is a key driver of blockchain GDP growth. In terms of money supply, USDT's market value ranks third among all crypto assets, only behind BTC and ETH; in terms of monetary circulation velocity, USDT's speed reaches around 100, which is astonishing. However, there is currently no blockchain specifically created for USDT, and it is mainly deployed on slower and high-cost chains like Ethereum and TRON. Stable is the network built precisely for USDT. The network provides two core capabilities: 1) Exclusive functions around USDT; 2) High scalability achieved through underlying architecture optimization. At the functional level, Stable supports EIP-7702 and ERC-4337, allowing users to complete all on-chain activities by holding USDT and achieving free USDT transfers. Additionally, Stable offers function modules specifically designed for USDT, such as Guaranteed Blockspace, Transfer Aggregator, Confidential Transfer, which lower the barriers for enterprise users to use stablecoins. In terms of scalability, Stable has made comprehensive optimizations from RPC, consensus, execution to database layers. Initially adopting a consensus mechanism based on CometBFT and EVM execution layer, it plans future upgrades including Autobahn consensus with DAG architecture, Stable RPC, StableVM++, and StableDB to maximize network throughput. Stable can easily attract existing massive USDT liquidity through the USDT0 mechanism. Being fully EVM compatible, diverse DeFi ecosystems around USDT can be seamlessly deployed on Stable. Moreover, USDT0 transactions are completely gas-free, meaning USDT can achieve extremely high-frequency trading. In summary, from the MV=PQ economic model, Stable has the potential to build a super-large on-chain GDP and is expected to become USDT's super-scale digital nation. [Original text was in English]
