cryptonews.net
Stable, Layer 1 blockchain network built for stablecoin transactions, has secured $28 million in seed funding. The round was led by Bitfinex and Hack VC, with participation from Franklin Templeton, Castle Island Ventures, eGirl Capital, Bybit-Mirana, and others. Angel investors include Tether CEO Paolo Ardoino and Anchorage co-founder Nathan McCauley. Bitfinex, an early backer, helped incubate the project.
The funding will support network development, team expansion, and global USDT distribution. Stable operates as a "stablechain," a blockchain optimized for instant stablecoin transactions. Its launch follows the U.S. passage of the GENIUS Act, a law providing regulatory clarity for stablecoin payments.
Stable’s roadmap for 2025 includes three phases. The first phase, already in progress, establishes USDT as the network’s base currency and gas token while improving transaction speed. The second phase will introduce USDT transfer aggregators and reserved blockspace for enterprise use. The final phase will focus on further speed upgrades and developer tools to support decentralized applications.
The network aims to accelerate stablecoin adoption by offering fast, low-cost transactions using USDT. Its timing aligns with growing institutional interest in digital payments following recent U.S. regulatory developments.
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