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" worldwide by 2025, with an average daily settlement volume on the chain exceeding billions of dollars, even surpassing Visa's global clearing. However, ETH is too expensive and slow, stablecoins require execution layer extensions and low transaction fees. TRON is fast but centralized, gradually exposing the problem of rising transaction fees. Solana is strong enough in performance, but the ecosystem is not built around stablecoins and there is a problem of fragmented cross chain liquidity. In this "expensive, decentralized" multi chain world, USDT, as the largest stablecoin in the market, does not have a chain that truly uses itself as a native asset. @Stable is a new generation Layer 1 that is deeply involved by the Bitfinex and Tether teams in this context, aiming to achieve: -USDT is the native gas -Free peer-to-peer USDT transfer -USDT0 enables seamless cross chain transfer -Smart contracts run on stablecoins as the foundation -The application can achieve a gas free user experience -Native fiat currency deposit and withdrawal channel -Enterprise level channel ensures high throughput Is this another Layer 1 like Plasma? Tether is transitioning from a stablecoin issuer to a fully integrated financial platform that combines issuance, clearing, and architecture. Currently, Tron is facing 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 Ge vigorously developed USD1. ETH mainly has DeFi and anti censorship value, with limited impact from Plasma and Stable. Simply put, SOL didn't start out because of stablecoins. Stablecoins are currently the main focus. How can we individual investors get on the bus? @BiteyeCN will soon release a research report 👀