Stable, a layer-1 blockchain network powered by USDT and designed to efficiently process financial transactions through stablecoins, announced the completion of a $28 million seed funding round. The round was co-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. In addition to institutional investors, Stable also secured support from prominent angel investors and advisors, including Paolo Ardoino of Tether, Bryan Johnson, founder of Braintree, and Nathan McCauley and Gabriel Abed of Anchorage.

Bitfinex is one of the early investors in Stable and has played a key incubation role since the project's launch.

Stable is committed to promoting the large-scale popularization of USDT and is committed to becoming the core infrastructure for stablecoin payments.

The funding will be used to build Stable's network infrastructure, expand its workforce, and enhance the global circulation and adoption of USDT. Stable will utilize a "stablechain" as its core design, designed to enable efficient stablecoin adoption and instant transaction settlement.

Joshua Harding, co-founder and CEO of Stable, said, "The global payments infrastructure is in urgent need of an upgrade, and traditional payment methods have failed to deliver fast, reliable, and secure digital payments. Stable was developed to unlock the potential of stablecoins like USDT, providing users with an instant and efficient payment experience that directly addresses the problems of the current payment system. We are grateful to have the support of major investors from both Web3 and traditional finance who share our vision, and we look forward to working with them to make this vision a reality."

This financing coincides with the passage of the GENIUS Act in the United States, which provides clear regulatory rules and scope for stablecoin payments and sets guidelines for banks and financial institutions to accelerate the development of digital payment infrastructure. With the US government's official support for stablecoin payments, Stable's close integration with USDT, the world's largest stablecoin, will accelerate USDT's adoption among both institutional and retail users.

Paolo Ardoino, CEO of Tether and CTO of Bitfinex, said: "It's clear that the US has undergone a radical shift in its approach towards digital assets and stablecoins, moving away from the previous administration's approach of 'enforcement through litigation' and instead providing clear guidance to institutions. Now, major financial institutions and banks will be able to fully unleash the potential of assets like USDT. The Stable team deeply understands this and is capable of turning it into reality. They are at the forefront of both infrastructure and development paths and are fully capable of driving USDT into the mainstream."

Stable's development roadmap to 2025 is divided into three phases:

• Phase 1 (in progress): Using USDT as the Stable network infrastructure and the native gas token. Achieving sub-second block generation and transaction finality.
• Phase 2 (launching in the coming months): Introducing a USDT transfer aggregator and dedicated enterprise block space to ensure transactions can be processed efficiently and further improve network performance.
• Phase 3: Further optimize performance and launch developer tools and resources to promote the development and implementation of dApps.

About Stable

Stable is a Layer 1 blockchain project designed for efficient financial transactions, using USDT as the native Gas Token of the Stable network.

Stable achieves full EVM compatibility while ensuring high throughput and low latency in transaction processing and realizing a user-centric dApp experience.

Users no longer need to hold volatile gas tokens; simply holding USDT allows them to conduct on-chain transactions, significantly lowering the barrier to entry. Stable is ideal for peer-to-peer payments, global remittances, and transactions, supporting near-instant settlement, further improving capital flow efficiency and creating an easy-to-develop and easy-to-use stablecoin ecosystem for developers and users.

With USDT, the world's most commonly used and liquid stablecoin, as its anchor, Stable will revolutionize the way global value circulates, wallets interact, and payments are made within apps.

From instant payroll to global remittances, from embedded finance to DeFi, Stable provides a unified and efficient solution.

This is exactly the infrastructure the future of finance needs. This is the future Stable is building.

- Official website: https://stable.xyz

- X (Twitter): https://x.com/stable

- Discord Community: https://discord.gg/stablexyz

- Telegram channel: https://t.me/stableannouncements

- Technical documentation: https://docs.stable.xyz/cn

- X of the Stable Chinese Community (Twitter): https://x.com/Stable_CN

- Stable Chinese Community Assistant WeChat ID: cnewsbtc