Overview

• Stable’s $28 million seed round was led by Bitfinex and Hack VC and included Franklin Templeton, KuCoin Ventures, Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson.
• The network will run USDT as its native gas token to deliver sub-second block finality and zero-fee transfers.
• Subsequent phases will introduce guaranteed blockspace for enterprise-grade payments and developer tools with performance upgrades.
• The raise follows the GENIUS Act’s enactment, which created the first U.S. regulatory framework specifically for stablecoins like USDT.
• The announcement underscores growing competition in the $273 billion stablecoin market, where rivals such as Plasma have recently raised capital to fund fee-free transfer networks.