Today, we’re excited to share that we’ve raised a $28 million seed round to bring Stable to life — a Layer 1 blockchain designed for stablecoins, to make stablecoin-based payments seamless and scalable with USDT at its core.

We’re backed by an exceptional group of investors who share our vision. The round was led by Bitfinex and Hack VC, with participation from Franklin Templeton, Castle Island Ventures, eGirl Capital, Bybit Mirana, Susquehanna International Group, Nascent, Blue Pool Capital, BTSE and KuCoin Ventures. Notable angel investors and advisors include Paolo Ardoino of Tether, Bryan Johnson of Braintree, Nathan McCauley of Anchorage and Gabriel Abed. Bitfinex is one of the early investors and has played a key role in incubating Stable from the start.

Stable is doubling down on the most adopted digital asset: USDT, which serves over 350 million users globally.

Stablecoins are the most adopted product in crypto. It is used for payments, remittances, settlements, and savings across the world. But the infrastructure beneath them hasn’t kept up.

Sending stablecoins is still harder than it should be. Users need to manage volatile tokens just to pay fees. Settlement is inconsistent. Developers building with stablecoins often face fragmented tooling and poor UX defaults.

We started Stable to change that. A chain designed from the ground up to support the way stablecoins are actually used.

The funding round closely follows the passage of the GENIUS Act, a landmark U.S. crypto legislation that provides regulatory clarity for stablecoin payments. It has opened the doors for real institutional adoption. This is the moment the industry catches up to the future we’ve been preparing for.

Stable enters this market with a clear product thesis and a rapidly maturing ecosystem, ready to serve the next wave of builders and businesses.

The convergence of regulatory clarity, institutional demand, and technical readiness creates a unique window. Traditional payment rails process over $1.8 quadrillion annually but remain slow, expensive, and inaccessible to billions. Meanwhile, stablecoins have proven product-market fit but lack proper infrastructure.

“Payments infrastructure around the world needs an overhaul, and traditional methods have failed to achieve fast, reliable, and secure digital payments despite massive demand from consumers across the globe,” said Joshua Harding, Co-founder and CEO of Stable. “Stable was developed to take advantage of the potential behind stablecoins like USDT to offer instant and seamless payments, directly addressing problems with current payment rails. The support we have received from major investors in both crypto and traditional finance shows that they share our vision, one that we are incredibly excited to work alongside them to make a reality.”

Stable brings the rise of the “Stablechain” a blockchain optimized entirely for stablecoin usage, with USDT as the native gas token.

The idea is simple: instead of forcing users to buy volatile assets to pay for transactions, Stable leverages the global familiarity and liquidity of USDT to enable instant, gasless-like payments. The timing couldn’t be better.

“It is clear that the US is undergoing a complete 180 in terms of its approach to digital assets and stablecoins, moving from the ‘enforcement by lawsuit’ approach under the previous administration towards providing clear rules of the road for institutions,” said Paolo Ardoino, CEO of Tether and CTO of Bitfinex. “Now, major financial institutions and banks will be able to fully unleash the power behind assets like USDT, something the Stable team fundamentally understands and is exceptionally poised to capitalize on. They are very advanced in terms of their infrastructure and roadmap, making them well positioned to bring USDT into the mainstream.”

Stable combines proven technologies in a new configuration:

• USDT as native gas simplifies transactions by removing the need for additional, volatile tokens.

• EVM compatible so existing Ethereum tools work seamlessly.

• Sub-second finality eliminates the wait times plaguing current networks.

• High throughput handles enterprise-scale transaction volumes.

Whether you’re building peer-to-peer payments, cross-border transfers, or embedded financial applications, Stable provides the performance layer that stablecoins have been waiting for.

• Phase 1: This is currently underway, we will see the establishment of USDT as the foundational layer for the network and leverage the asset as its native gas token with zero gas fee transactions, alongside the implementation of sub-second block time and finality to improve network speed.

• Phase 2: Set to be rolled out in the coming months, will introduce USDT transfer aggregators and a dedicated blockspace for enterprises to ensure efficient processing and performance.

• Phase 3: We’ll see network-wide speed upgrades, developer SDKs, and tools to support embedded payments and app-native stablecoin flows.

Every phase brings us closer to a usable, production-grade stablecoin stack — available to anyone building financial applications at scale.

Stable is designed to remove the friction that’s long held back Stablecoins. By abstracting away gas fees, network latency, and cross-chain complexity, we’re giving institutions, fintechs, and developers the tools to build money experiences that feel effortless.

By anchoring to USDT, the most widely used and liquid stablecoin — Stable is positioned to change how value moves across borders, wallets and applications.

From instant payouts to cross-border transfers to embedded financial flows, Stable enables it all; no add-ons, no compromises. This is the kind of infrastructure the future needs.

This is what we’re building with Stable.

A simplified path to global finance, built for real-world scale.

For more information about Stable, including technical documentation and more details around our 2025 roadmap, please visit: stable.xyz

Website: https://stable.xyz

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Discord: https://discord.gg/stablexyz

Telegram: https://t.me/stableannouncements

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