Driven by USDT and aimed at efficiently processing financial transactions through stablecoins, the Layer 1 blockchain network Stable has announced the completion of a $28 million seed round financing. This round was co-led by Bitfinex and Hack VC, with other participating institutions including Franklin Templeton, Castle Island Ventures, eGirl Capital, Bybit-Mirana, Susquehanna International Group, Nascent, Blue Pool Capital, BTSE, and KuCoin Ventures. In addition to institutional investors, Stable has also received support from several well-known angel investors and advisors, including Paolo Ardoino from Tether, Bryan Johnson, founder of Braintree, Nathan McCauley from Anchorage, and Gabriel Abed.

Bitfinex is one of the early investors in Stable and has played a key incubation role since the project's inception.

Stable is committed to promoting the widespread adoption of USDT and aims to become the core infrastructure for stablecoin payments.

This financing will be used to build Stable's network infrastructure, expand the workforce, and enhance the circulation and application of USDT globally. Stable will design its core around the "Stablechain" to achieve efficient applications of stablecoins and instant transaction settlements.

Joshua Harding, co-founder and CEO of Stable, stated, "The global payment infrastructure urgently needs upgrading, as traditional payment methods have failed to deliver fast, reliable, and secure digital payments. Stable is developed to unleash the potential of stablecoins like USDT, providing users with an instant and efficient payment experience that directly addresses the issues present in current payment systems. We have garnered support from major investors in both Web3 and traditional finance who share our vision, and we look forward to working with them to turn this vision into reality."

This financing comes at a time when the U.S. is legislating the GENIUS Act, which provides clear regulatory rules and scope for stablecoin payments and sets guidelines for banks and financial institutions to accelerate the construction of digital payment infrastructure. Against the backdrop of the U.S. government's formal support for stablecoin payments, Stable's close association with the world's largest stablecoin, USDT, will accelerate its application among institutional and retail users.

Paolo Ardoino, CEO of Tether and CTO of Bitfinex, remarked, "It is clear that the U.S. has undergone a complete shift in its attitude towards digital assets and stablecoins, moving away from the previous administration's approach of 'enforcement through litigation' to providing clear guidance for institutions. Now, major financial institutions and banks will be able to fully unleash the potential of assets like USDT, and the Stable team deeply understands this and has the capability to turn it into reality. They are at the forefront in terms of infrastructure and development pathways, fully capable of driving USDT to become mainstream."

Stable's development roadmap for 2025 is divided into three phases:

• Phase One (ongoing): Use USDT as the foundational layer of Stable's network, with USDT as the native Gas Token. Achieve sub-second block times and transaction finality.
• Phase Two (to be launched in the coming months): Introduce a USDT transfer aggregator and dedicated block space for enterprises to ensure efficient transaction processing and further enhance network performance.
• Phase Three: Further optimize performance while launching developer tools and resources to promote the development and implementation of dApps.

About Stable

Stable is a Layer 1 blockchain project designed for efficient financial transactions, using USDT as the native Gas Token of the Stable network.

Stable has achieved full EVM compatibility while ensuring high throughput and low latency in transaction processing, providing a user-centric dApp experience.

Users do not need to hold volatile tokens for Gas payments; they only need to hold USDT for on-chain operations, significantly lowering the barrier to entry. Stable is highly suitable for peer-to-peer payments, global remittances, and trading, supporting almost instant settlements, further enhancing the efficiency of capital flow, and creating an easy-to-develop and easy-to-use stablecoin ecosystem for developers and users.

Leveraging USDT, the world's most widely used and liquid stablecoin, as an anchor, Stable fundamentally changes the way global value transfer, wallet interactions, and in-app payments occur.

From instant payroll to global remittances, from embedded finance to DeFi, Stable provides a unified and efficient solution.

This is the infrastructure needed for the future of finance. This is the future that Stable is building.

- Official website: https://stable.xyz

- X (Twitter): https://x.com/stable

- Discord community: https://discord.gg/stablexyz

- Telegram channel: https://t.me/stableannouncements

- Technical documentation: https://docs.stable.xyz/cn

- Stable Chinese community's X (Twitter): https://x.com/Stable_CN

- Stable Chinese community assistant WeChat ID: cnewsbtc

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