Stable Blockchain Raises $825 Million in Minutes, Sparks Concerns About Centralization

A pre-deposit vault initiative on the ‘Stable’ blockchain has raised a remarkable $825 million in minutes, with key players including Bitfinex. This rapid fundraising, fueled primarily by USDT transactions from institutional investors, highlights both potential and concerns regarding platform centralization. 80% of the funding came from a single investor, raising questions about fairness and market dynamics within the crypto community. While details are scarce, these developments could significantly influence the USDT market, potentially impacting access for smaller investors. The rapid success suggests strong institutional support, but also raises issues of decentralization. This move is reminiscent of past events where large investments have led to concerns regarding fairer access in the crypto space, similar patterns observed previously.