$28M Bet on the Future of Stablecoins: How the Stable Chain Becomes Tether’s Accelerator

In the blockchain world, “infrastructure” often has more disruptive potential than individual applications. In July 2025, a project named Stable announced it had secured $28 million in seed funding, with the funding co-led by Bitfinex and Hack VC, along with significant participants from the Tether ecosystem. Stable is seen as Tether’s “accelerator” or sub-project, focusing on building a stablecoin native chain. This article will take you deep into the layout and value of this project.

What is Stable?

Stable is a Layer-1 blockchain specifically designed for stablecoins (especially USDT). Its goal is to make stablecoin payments more efficient, low-cost, and instant. Compared to general public chains, Stable is a representative of “dedicated chains”: the design of the chain itself, consensus mechanism, gas model, and so on are all optimized around the circulation of stablecoins.

On this chain, USDT is not only an asset but can also be used as transaction gas. This means that you can pay fees with USDT without needing additional tokens.

Why are investors making heavy investments?

In the recent wave of cryptocurrency and stablecoin, the underlying logic of Stable has attracted institutional and individual investors. The following points are particularly key:

• Stablecoin traffic dividend: Stablecoins have become the fundamental trading medium in the crypto world.
• Limitations of existing chains: Chains like Ethereum and Tron face issues such as high fees, congestion, and complex bridging. The exclusive design of Stable addresses these shortcomings.
• Strategic and resource support: With Bitfinex and Tether as strong backers, capital, brand, liquidity, and ecological support can almost follow closely.
• Regulatory and policy signals: As multiple countries begin to explore stablecoin regulation, the likelihood of stablecoin infrastructure receiving policy attention is increasing.
• First-mover advantage and moat potential: If Stable can build a stablecoin dedicated blockchain ecosystem first, it may create a high entry barrier.

Revealing the Financing Structure

In this financing:

• Total amount: 28 million USD
• Lead investors: Bitfinex + Hack VC
• Investors: Franklin Templeton, Castle Island Ventures, KuCoin Ventures, Susquehanna, Nascent, as well as Tether CEO Paolo Ardoino, Braintree founder Bryan Johnson, and other individual investors.

This round of financing includes both institutional funds and industry resource backgrounds, providing strong support for Stable’s technological iteration and ecological expansion.

Project advantages and core competencies

The competitiveness of Stable is not just about funds and background; its core capabilities are even more worth focusing on:

• Focus on stablecoin payments: not a universal chain, but a dedicated chain.
• Native gas model: Pay fees with USDT, no additional tokens required, significantly lowering the user threshold.
• High-performance architecture: supports parallel execution, high throughput, sub-second finality.
• EVM compatible: Facilitates the migration and integration of existing smart contracts and DeFi projects.
• Ecosystem integration capability: Backed by the resources of Tether and Bitfinex, it can be rapidly implemented in liquidity, wallets, exchanges, and other aspects.

Risk and constraints factors

Potential risks include:

• Technical implementation difficulty
• Regulatory compliance uncertainty
• Ecological landing delay
• insufficient liquidity
• Market competition pressure

Bottom Line: Advice for Beginners

For beginners, it is recommended:

• Follow the testnet and official updates of Stable.
• Understand its positioning, do not blindly follow trends.
• Track ecological partners and application implementation
• Carefully assess the risks and avoid over-concentrating your investments.