The USDT-native Layer 1 is prioritizing bridge liquidity and RPC upgrades as meme coin demand lifts usage on the Bitfinex-, PayPal Ventures- and Tether-backed network.
StableChain said its network processed more than 167,000 transactions in the past 24 hours on July 23, 2026, with activity largely driven by FEFER, described as the chain’s breakout memecoin. The project said deeper liquidity for bridging and stronger RPC performance are being rolled out to handle rising demand. The spike is a notable test for the USDT-native Layer 1, which launched mainnet in late 2025 around stablecoin payments, sub-second finality and high throughput. StableChain is designed to use USDT directly for transaction fees, aiming to reduce gas-fee volatility while serving both institutional payments and retail DeFi activity. Early traction included more than $2 billion in pre-deposit commitments and thousands of smart contracts deployed soon after launch. FEFER has become the main catalyst for recent usage. The token briefly reached an $11 million market capitalization and surpassed 5,000 holders, underscoring how meme coin trading is helping bootstrap activity on the young network. The episode fits a broader 2026 pattern in which new blockchains use meme coin speculation to build liquidity and user activity. StableChain said the next few weeks may show whether the current burst of demand develops into deeper liquidity and wider utility beyond viral tokens.