Stablecoin Network Launched: Stable’s Big Gamble with USDT and $28M

by

Stable, the so-called “stable” Layer 1 blockchain, just announced its grand Mainnet launch in New York-because why not start a financial revolution in the city that never sleeps?

In an event so high-profile it might have its own red carpet, Stable introduced a blockchain network designed specifically for stablecoin transactions. And not just any stablecoin-USDT is the chosen one, acting as the native gas token. Forget Ethereum, this is where the “stable” coins are going to party now. 🎉

Backed by a cool $28 million from Bitfinex and Hack VC (because who needs small change?), this project is rolling out with strategic alliances, including names like Anchorage Digital and Paypal-because nothing screams “we know what we’re doing” like teaming up with Paypal. With an ambition that stretches to making the world’s legacy payment systems just a little more… digital, the network targets both institutional and retail users of USDT and other stablecoins. 🏦

Brian Mehler, CEO of Stable, boldly declared, “We sit at the center of a major financial revolution,” which is just what you’d expect from someone who just got $28 million and is launching a blockchain network. 💰 His mission? To create an onchain economy where even the most clueless of individuals and enterprises can join the digital party.

Not to be outdone, the Pre-Deposit campaign already attracted over $2 billion in deposits from 24,000 wallets. Clearly, people are really into this “stable” thing, as if it’s the next avocado toast but for cryptocurrency enthusiasts. 🥑💸

🧭 FAQs

• What is the Stable blockchain? A Layer 1 network focused on stablecoin transactions and digital payments, powered by USDT as the native gas token. Because who doesn’t love a good stablecoin?

• Who funded the project? Bitfinex and Hack VC, who probably just woke up one day and said, “Hey, let’s fund a blockchain.” And here we are.

• Where is Stable based? The launch took place in New York, because nothing says “we’re serious” like a New York launch. Global domination plans are next, no big deal.

• Who are the key advisors? Oh, you know, just a couple of crypto legends: Tether CEO Paolo Ardoino and Anchorage Digital CEO Nathan Macauley. So basically, they know a thing or two about crypto.

Read More

2025-12-10 02:58