KuCoin Ventures has announced a strategic investment in Stable, a new blockchain designed for stablecoin transactions, supported by Tether and Bitfinex.
Investment and Support
Stable, developed with backing from Tether and Bitfinex, has also secured funding from Paolo Ardoino, Bitfinex’s chief technology officer. The funding round also featured investors such as Hack VC and Franklin Templeton. This investment highlights growing institutional confidence in dedicated infrastructure for stablecoin transactions.
Technological Innovations of Stable
Stable is engineered specifically for stablecoin use cases, differentiating it from general-purpose blockchains like Ethereum or Tron. It addresses persistent industry challenges, such as volatile transaction fees, slow confirmation times, and complex user interactions. Key innovations include using USDT as the native gas token, which eliminates the need for separate platform tokens and allows gas-free peer-to-peer USDT transfers.
Expert Opinions
Cass Tsai, head of KuCoin Ventures, stated that this investment aligns with KuCoin’s strategy to accelerate stablecoin adoption. "Stable offers a clear path to scalable settlement and cross-border payments using USDT. We believe this technology will play a crucial role in the next phase of the stablecoin economy," he said. Joshua Harding, co-founder and CEO of Stable, emphasized the project’s mission to modernize payments infrastructure.
With KuCoin's support, Stable is pushing forward the development of a high-performance settlement network tailored for stablecoins, strengthening the connection between crypto infrastructure and real-world payment systems.
