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Stable's Ambitious Launch: $28 Million in Funding

Stable, the innovative layer 1 blockchain network powered by USDT, has officially announced the closure of its seed funding round, successfully securing $28 million. This noteworthy round was spearheaded by the well-known Bitfinex and Hack VC, with additional participations from notable players such as Franklin Templeton, Castle Island Ventures, eGirl Capital, Bybit-Mirana, Susquehanna Crypto, Nascent, Blue Pool Capital, BTSE, and KuCoin Ventures.

A Strong Ecosystem of Investors

In addition to this financial backing, a number of esteemed angel investors and advisors have joined the ranks, including Paolo Ardoino from Tether, Bryan Johnson of Braintree, Nathan McCauley from Anchorage, and Gabriel Abed. Bitfinex, having been one of the earliest supporters, has been instrumental in nurturing Stable from its inception.

Building the Future of Payments

This funding round arrives shortly after Stable’s transition from stealth mode, facilitating the enhancement of its network infrastructure, employee expansion, and an increase in global USDT distribution. Positioned as a “stablechain,” Stable is engineered to deliver instant and seamless transactions, aiming to capitalize on the booming demand for stablecoin solutions. The timing of this initiative coincides with a marked increase in stablecoin adoption, especially following the enactment of the GENIUS Act in the United States—a regulatory move that aims to provide clearer guidelines for stablecoin transactions.

According to Joshua Harding, the founder and CEO of Stable, there is a dire need for an upgrade in global payment infrastructure, as traditional methods struggle to meet the fast, reliable, and secure digital payment demands of today’s consumers. Harding emphasizes that Stable was specifically designed to leverage the unique attributes of stablecoins like USDT to tackle existing challenges within conventional payment systems. This vision has garnered substantial support from key investors across both the cryptocurrency landscape and traditional finance sectors.

The Impact of the GENIUS Act

The successful funding round closely follows the legislative passage of the GENIUS Act—a pivotal U.S. crypto law that provides clarity for stablecoin payment operations and lays down guidelines for banks and financial institutions. By aligning itself with USDT, Stable is strategically positioned to lead a transformation in stablecoin adoption, appealing to both institutional investors and retail users alike.

Paolo Ardoino remarked that the U.S. is undergoing a transformative shift in its stance towards digital assets. The prior approach relied heavily on lawsuits, whereas now, there is a movement towards establishing definitive rules to enable established financial institutions to fully utilize assets like USDT. Ardoino described Stable's infrastructure and roadmap as advanced, placing it at the forefront of bringing USDT mainstream.

A Vision for the Future

Recently, Stable detailed its roadmap for 2025 in three structured phases. The initial phase, currently in action, aims to solidify USDT as the foundational layer of the network while employing it as the native gas token, implementing sub-second block time for transaction efficiency. The second phase, set to roll out soon, will introduce USDT transfer aggregators and ensure guaranteed blockspace for enterprises, further facilitating smooth processing and performance. Finally, the third phase will enhance transaction speeds with additional upgrades and dedicated resources for developers targeting dApp development.

For more insights into Stable, including their technical documentation and a comprehensive view of their 2025 roadmap, visit Stable's website.

About Stable

Stable emerges as a revolutionary Layer 1 blockchain, focusing on facilitating seamless financial transactions with USDT as its native gas token. Its architecture emphasizes usability, effectively removing obstacles for end-users by abolishing the need for volatile tokens for transaction fees. Ideally suited for peer-to-peer payments, remittances, and global transactions, Stable promotes quick settlements and enhances capital utilization, creating an accessible ecosystem for developers and users alike.