In a groundbreaking move, Stable has raised $28 million in seed funding to develop a blockchain optimized for USDT, aiming to transform global payments. Backed by industry giants like Bitfinex, Hack VC, and Tether CEO Paolo Ardoino, this initiative promises faster, cheaper, and more secure cross-border transactions.
Why Stable’s USDT-Optimized Blockchain Matters
Stable’s “stablechain” is designed to address the inefficiencies of traditional payment systems. Here’s how it stands out:
- Low fees: USDT as the gas token reduces transaction costs.
- Speed: Sub-second block times enable instant settlements.
- Stability: Leverages USDT’s liquidity for a reliable unit of account.
Key Investors and Strategic Vision
The funding round was led by Bitfinex and Hack VC, with participation from Franklin Templeton and Tether’s CEO. Stable’s CEO, Joshua Harding, emphasizes collaboration with traditional and crypto finance leaders to drive digital payment innovation.
Roadmap: Phases of Development
Stable has outlined a three-phase plan for 2025:
- Phase 1: Integrate USDT as the gas token with sub-second block times.
- Phase 2: Develop enterprise-grade payment solutions.
- Phase 3: Expand developer tools and ecosystem growth.
The Rising Tide of Stablecoin-Backed Blockchains
With the stablecoin market now worth $273 billion, projects like Stable and Plasma are pushing the boundaries of financial infrastructure. Regulatory clarity, such as the U.S. GENIUS Act, further supports this momentum.
FAQs
1. What is Stable’s “stablechain”?
Stablechain is a blockchain optimized for USDT, designed to facilitate fast, low-cost global payments.
2. Who are the key investors in Stable?
Bitfinex, Hack VC, Franklin Templeton, and Tether CEO Paolo Ardoino are among the backers.
3. How will Stable improve cross-border payments?
By leveraging USDT’s stability and liquidity, Stable aims to reduce fees and transaction times.
4. What’s next for Stable?
The company will focus on three development phases: USDT integration, enterprise solutions, and ecosystem expansion.
