Backed by $28 million in seed funding, the network plans to launch the first Layer 1 chain purpose-built for stable-value transfers, removing the complexity and cost of current general-purpose blockchains.
The funding round drew support from Bitfinex, Hack VC, Franklin Templeton, Mirana, Castle Island Ventures, and Blue Pool Capital. Bitfinex also helped incubate the idea, while Tether CEO Paolo Ardoino has been advising the team since inception.
Unlike other chains that charge gas fees in native tokens, Stable will use USDT as both the currency and gas, eliminating transaction fees at the protocol level. CEO Joshua Harding said the network is designed for real-world use—like remittances and payments—not for generalized smart contracts.
Mainnet rollout is expected between Q3 and Q4 2025, with initial features like instant USDT settlement and reserved blockspace already in testing. While the focus is on USDT, support for other stablecoins may follow depending on demand. The team is also exploring a governance token and future decentralization models.
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