Overview
- StableChain is live with transactions settled in USDT, alongside the formation of the independent Stable Foundation and the introduction of the STABLE token.
- STABLE is positioned for validator incentives and protocol governance, with participation described as forthcoming by the project.
- Stable cites a $28 million seed round led by Bitfinex and Hack VC and more than $2 billion in pre-deposits from over 24,000 wallets.
- Stable highlights partnerships including Anchorage Digital and PayPal, while industry reporting says over 150 partners are building on the network.
- Commentary frames the launch as part of a shift toward issuer-aligned, stablecoin-native chains, raising concerns about increasing centralization compared with earlier crypto ideals.