The Stable network has announced plans to launch the first blockchain specifically designed for stablecoin transfers, such as USDT.
Launch of Stable Blockchain
The network aims to launch a first-layer blockchain intended for stablecoin transactions. This platform is designed to simplify processes and reduce costs associated with traditional general-purpose blockchains.
Investment and Support
In its seed funding round, the project has raised $28 million, with investors including Bitfinex, Hack VC, Franklin Templeton, Mirana, Castle Island Ventures, and Blue Pool Capital. Bitfinex played a key role in incubating the idea, while Tether CEO Paolo Ardoino has been advising the team since its inception.
Key Features of the Network
Unlike other blockchains that charge transaction fees in native tokens, Stable plans to use USDT as both the currency and gas, eliminating extra transaction costs. CEO Joshua Harding noted that the network is focused on practical applications such as remittances and payments rather than generalized smart contracts.
The mainnet launch of the Stable platform is expected between Q3 and Q4 of 2025. The team is also exploring governance token implementation and future decentralization models.
