Stable, a company developing a new blockchain focused on Tether’s USDT, has announced the successful closure of a $28 million seed round. The investment was led by Bitfinex and Hack VC, with additional support from Franklin Templeton, Castle Island Ventures, and KuCoin Ventures. Individual investors included Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson.

The project aims to create a “stablechain” — a blockchain optimized for fast and low-cost stablecoin transactions. Its goal is to make USDT the foundation of global digital payments, offering fast settlement, minimal fees, and a stable unit of account.

Response to the GENIUS Act and a Three-Phase Development Roadmap

The announcement follows the signing of the GENIUS Act, a new U.S. law that sets a clear regulatory framework for stablecoins like USDT. This provides a more favorable legal environment for adoption and innovation.

“Legacy payment infrastructure continues to fall short in delivering fast, reliable, and secure digital payments,” said CEO Joshua Harding. “Stable was designed to unlock the power of stablecoins for seamless, instant payments and to address long-standing inefficiencies in current systems.”

The roadmap includes three phases:

  1. USDT as the gas token and sub-second block times.

  2. Enterprise-grade payment guarantees.

  3. Developer tools and performance enhancements.

Stablecoin Infrastructure Continues to Expand

Stable is not alone in this space — just this week, stablecoin-focused network Plasma raised $373 million in an oversubscribed token sale. The project promises fee-free stablecoin transfers.

The stablecoin market has seen explosive growth, now reaching a total market capitalization of $273 billion. U.S. dollar-pegged stablecoins like Tether’s USDT and Circle’s USDC currently lead the industry.


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