Stable Secures $28M to Revolutionize Global Payments with USDT-Optimized Blockchain
In a bold move to redefine global payments, Stable has raised $28 million in seed funding to develop a USDT-optimized blockchain. Backed by industry giants like Bitfinex and Hack VC, this initiative aims to leverage the stability and liquidity of Tether (USDT) for seamless cross-border transactions. Could this be the future of digital finance?
Why Stable’s USDT-Optimized Blockchain Matters
Stable’s “stablechain” is designed to address the inefficiencies of traditional payment systems. Here’s what sets it apart:
- Low fees: Transactions cost a fraction of traditional methods.
- Speed: Sub-second block times ensure near-instant settlements.
- Stability: USDT provides a reliable unit of account for global transactions.
Key Investors and Strategic Vision
The funding round was led by Bitfinex and Hack VC, with participation from Franklin Templeton and Tether CEO Paolo Ardoino. Stable’s CEO, Joshua Harding, emphasized the collaboration between crypto and traditional finance as a game-changer for digital payments.
Roadmap: Phases of Development
Stable has outlined a three-phase plan for 2025:
- Phase 1: Integrate USDT as the gas token with ultra-fast block times.
- Phase 2: Roll out enterprise-grade payment solutions.
- Phase 3: Expand developer tools and ecosystem growth.
The Rising Tide of Stablecoin Innovation
With the stablecoin market now worth $273 billion, projects like Stable and Plasma are pushing the boundaries of what’s possible. Regulatory clarity, such as the U.S. GENIUS Act, is further fueling this momentum.
Conclusion: A New Era for Digital Payments
Stable’s $28M funding round signals a growing confidence in stablecoin-centric blockchains. By combining speed, low costs, and stability, this project could pave the way for mass adoption of digital payments worldwide.
FAQs
1. What is Stable’s “stablechain”?
Stablechain is a blockchain optimized for USDT transactions, offering low fees and fast speeds for global payments.
2. Who are the major investors in Stable?
Bitfinex, Hack VC, Franklin Templeton, and Tether CEO Paolo Ardoino are among the key backers.
3. How does Stable compare to other stablecoin projects?
Stable focuses on USDT utility, while others like Plasma offer free transfers. Both aim to enhance stablecoin adoption.
4. What are the benefits of a USDT-optimized blockchain?
Benefits include lower transaction costs, faster settlements, and a stable unit of account for global use.
5. When will Stable’s blockchain launch?
The project is in its early stages, with a three-phase rollout planned for 2025.
