Stable Raises $28M to Build USDT-Optimized Blockchain for Faster Stablecoin Payments

Stable, a startup focused on building a dedicated layer-1 blockchain optimized for stablecoin payments, has raised $28 million in a seed funding round, signaling growing interest in infrastructure designed to enhance stablecoin efficiency and accessibility [1]. The platform aims to address key challenges faced by stablecoin users on existing blockchains, including high fees, network congestion, and fragmented liquidity [1].

Unlike general-purpose blockchains, Stable is being developed specifically to handle stablecoin transactions, with a focus on speed, cost efficiency, and user simplicity. The network is designed to serve as a “superhighway” for stablecoins like USDT, ensuring that transfers are not hindered by unrelated dApp traffic or volatile network demand [1].

A key innovation is Stable’s use of USDT as its native gas token. Rather than requiring users to pay fees in a volatile cryptocurrency, Stable allows users to pay transaction fees in USDT, which is pegged to the U.S. dollar. This approach eliminates the need to manage a separate asset for fees, provides predictable costs, and enhances the utility of USDT as a foundational component of the network [1].

The seed round attracted backing from a diverse group of investors, including Bitfinex—the exchange closely associated with USDT issuer Tether—Hack VC, a venture capital firm specializing in blockchain and Web3 projects, and Franklin Templeton, a major name in traditional finance. This mix of crypto-native and institutional investors underscores the cross-sector appeal of the project and highlights growing institutional interest in digital asset infrastructure [1].

Stable has outlined a phased development roadmap, beginning with infrastructure development and progressing toward the launch of a USDT aggregator in late 2024. The project plans to release developer tools by 2026 and aims for a mainnet launch by late Q3 or early Q4 of 2025 [1]. The phased approach allows for iterative improvements and community feedback before full deployment.

If successful, Stable’s platform could enable lower-cost, faster, and more reliable stablecoin transactions, benefiting both individual users and businesses. Potential applications include cross-border remittances, payroll processing, e-commerce, and DeFi protocols optimized for stable assets [1].

However, the project faces challenges, including competition from established blockchains, regulatory scrutiny of stablecoins, and the need to build a strong network effect. Security will also be a critical factor, as the network handles significant value in stablecoins and must demonstrate robust defenses against potential attacks [1].

By focusing on a core use case—stablecoin payments—and leveraging USDT’s existing liquidity and market dominance, Stable is positioning itself to address a critical gap in the digital asset ecosystem. With strong financial backing and a clear technical roadmap, the platform has the potential to reshape how stablecoins are used in everyday financial transactions and broader institutional applications [1].

Source: [1] [USDT-based Blockchain: Stable Secures Astounding $28M to Revolutionize Payments](https://coinmarketcap.com/community/articles/688b72214b2fd170d338f128/)