Stable introduces Layer 1 blockchain network designed specifically for stablecoin transactions powered by USDT as the native gas token.
Stable Launches Dedicated Stablecoin Network
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Stable, a Layer 1 blockchain network, announced its Mainnet launch in New York, unveiling a dedicated stablecoin and payments network alongside the Stable Foundation and its native STABLE token. The network aims to expand digital assets across legacy payments infrastructure, targeting both institutional and retail integrations for USDT and other stablecoin assets.
The launch follows a $28 million seed funding round led by Bitfinex and Hack VC, with strategic partnerships including Anchorage Digital and Paypal. “We sit at the center of a major financial revolution,” said Brian Mehler, CEO of Stable, emphasizing the network’s commitment to creating an onchain economy accessible to individuals and enterprises. The network’s Pre-Deposit campaign previously attracted over $2 billion in deposits from 24,000 wallets, demonstrating significant market interest.
Read More: Tether CEO Paolo Ardoino: USDT Will Be ‘Useless’ in the Long Term
🧭 FAQs
• What is the Stable blockchain? A Layer 1 network focused on stablecoin transactions and digital payments powered by USDT as the native gas token.
• Who funded the project? Bitfinex and Hack VC led the $28 million seed round.
• Where is Stable based? The network was announced in New York, with global digital payment ambitions.
• Who are the key advisors? Tether CEO Paolo Ardoino and Anchorage Digital CEO Nathan Macauley among prominent crypto investors.
