Odaily Planet Daily reported that Stable, a new blockchain project built around USDT, announced the completion of a $28 million seed round of financing, led by Bitfinex and Hack VC. Other supporters include Franklin Templeton, Castle Island Ventures and KuCoin Ventures, as well as angel investors such as Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson.

The Stable Blockchain aims to use USDT as the underlying gas token to build a fast, low-cost, and stable payment network. Its roadmap consists of three phases: the first phase will enable USDT gas payments and sub-second block confirmations; the second phase will provide block space for enterprise payments; and the third phase will focus on developer tools and performance upgrades. (CoinDesk)