In today’s stablecoin market, which has surpassed a scale of 100 billion US dollars, an emerging blockchain project named Stable has attracted widespread attention in the industry. As Tether The dedicated sub-project of USDT, Stable announced the completion of a $28 million seed round financing in July 2025.
This round of financing was co-led by crypto industry giant Bitfinex and top venture capital firm Hack VC, attracting participation from several traditional financial giants, including Franklin Templeton, setting a new milestone for the development of the stablecoin-dedicated blockchain sector.
Strong investment camp
Stable’s seed round financing has gathered top investors from both the cryptocurrency and traditional finance sectors, showcasing strong market confidence in its prospects. The leading investors are the cryptocurrency exchange Bitfinex and the venture capital firm Hack VC.
Also participating in the investment are several well-known institutions:
- Franklin Templeton - a financial giant managing assets of 1.5 trillion USD globally.
- Castle Island Ventures —— A venture capital firm focused on blockchain.
- KuCoin Ventures —— The investment department of a globally renowned cryptocurrency exchange.
- eGirl Capital, Mirana, Susquehanna International Group, etc.
Moreover, well-known angel investors such as Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson have also participated in this round of financing, providing valuable industry resources and professional guidance for the project.
The mission and technological highlights of Stable
What exactly is Stable? It is a Layer 1 blockchain network built specifically for stablecoins, aimed at using USDT as the base gas token to create a fast, low-cost stable payment network.
Core technical features include:
- USDT as the native gas token: Users can directly use USDT to pay transaction fees without the need to hold other native tokens.
- Sub-second block confirmation: Achieving near-instant transaction confirmation
- High throughput: Supports high transaction throughput of 10,000+ TPS.
- Zero gas P2P transfer: Peer-to-peer transfers without paying fees.
- EVM Compatible: Supports Ethereum Virtual Machine, making it easy for developers to migrate and deploy smart contracts.
Joshua Harding, the founder and CEO of Stable, pointed out that the project’s reason for existence is to simplify the use of stablecoins and address the challenges that users currently face from blockchains that are not designed for stablecoins.
Three-Phase Development Roadmap
The Stable team has established a clear three-phase development roadmap to progressively advance the project.
Phase 1: Achieve USDT payment for gas fees and sub-second block confirmation, building the basic network functionality.
Phase Two: Provide blockchain space assurance for enterprise-level payments to meet the high demands of institutional users for network performance and reliability.
Phase Three: Focus on developer tools and performance upgrades to expand ecosystem influence.
Currently, the Stable mainnet was launched in July 2025 and is in a critical period of transitioning from the first phase to the second phase.
Market Performance and Data Analysis
Although the Stable mainnet has not been online for long, it has already shown strong growth momentum:
- Total Value Locked (TVL): Currently approximately $50 million, an increase of 150% since the launch of the mainnet.
- Trading Volume: In the past 24 hours, the USDT transfer volume reached 120 million USD, with a weekly growth of 80%.
- User Activity: Monthly active wallets exceed 100,000, daily trading users 25,000.
These data reflect the strong demand from the market and users for the USDT dedicated chain.
Token economic model and market expectations
According to the latest analysis released by Gate Square on September 28, the economic model and market price expectations of the $STABLE token have gradually become clear:
Token Economic Model:
- The total supply is expected to be 1 billion coins.
- The distribution includes: 20% community airdrop, 30% ecological incentives, and 25% for team or investors (locked for 2-4 years)
- Value accumulation mechanism: 50% of USDT transaction fees are used for buyback and burn.
Price trend With prediction:
- Currently in the pre-TGE stage, the presale market FDV is approximately 280 million USD.
- The key support level is at $0.25 (the entry price for early investors), and the resistance level is at $0.40 (expected opening price for TGE).
- If Phase 2 goes live in Q4, the target price range within 3-6 months is $0.60-$0.90.
RSI is in the 55-60 range, indicating neutral to bullish momentum, MACD shows a bullish crossover, and X platform sentiment analysis shows 75% bullish, with the market generally optimistic about the prior expectations for Stable.
Market opportunities and competitive advantages
Stable aims at a circulating market value of USDT of up to 150 billion dollars and a global user base of 350 million, with huge market potential.
Comparative advantages over traditional Layer 1:
- Dedicated Design: Specifically optimized for stablecoin payments, avoiding the compromise designs of general-purpose blockchains.
- Predictable costs: Use USDT to pay fees, avoiding the uncertainty brought by gas fee fluctuations.
- Performance advantages: Consensus mechanism optimized for payment scenarios, achieving sub-second finality.
Tether CEO Paolo Ardoino stated: "Major financial institutions and banks will be able to fully unleash the power behind assets like USDT, which the Stable team deeply understands and is very capable of leveraging."
Risks and Challenges
Despite the broad prospects, Stable still faces a series of challenges:
- Regulatory risk: Global regulatory policies for stablecoins are still evolving, which may affect project development.
- Intensifying competition: Other Layer 1 blockchains are also actively expanding the application scenarios of stablecoins.
- Technical risks: As an emerging network, the consensus mechanism and bridge security need to withstand practical tests.
- Market volatility: The cyclical fluctuations of the cryptocurrency market may affect the pace of project advancement.
Conclusion
Stable, as an important part of the Tether ecosystem, has gained a first-mover advantage in the stablecoin-specific blockchain sector with $28 million in seed round financing and a strong lineup of investors.
Its design using USDT as the native gas token is expected to solve the fragmentation problem of stablecoin transfers across different blockchains, providing a smoother and lower-cost payment experience for the global 350 million USDT users.
With the launch of Phase 2 enterprise features and the upcoming TGE, Stable may become an important bridge connecting traditional finance and the crypto world, deserving continuous attention from investors and industry observers.
