Tether is implementing a dual-chain strategy with Plasma and Stable to recapture transaction fees and payment service revenues traditionally dominated by Ethereum and Tron. The initiative marks Tether's shift from a stablecoin issuer to a global payment infrastructure provider. Plasma, backed by Bitfinex and Peter Thiel, offers zero-fee transactions and high-yield savings for consumers, while Stable, a USDT-native chain, focuses on business payment settlements. Tether CEO Paolo Ardoino confirmed that Stable will not issue new tokens, keeping USDT as the primary asset. This move challenges Tron's USDT ecosystem and aims to strengthen USDT's market position.