Stable, a Layer 1 blockchain designed specifically for stablecoin transactions, has secured $28 million in seed funding. The round was led by Bitfinex and HACK VC, with participation from Franklin Templeton and Electric Capital. Focus on Stablecoin Payments Stable aims to create a highly optimized network for stablecoin payments, leveraging the popularity and stability of Tether's USDT. Notably, USDT will be used as the gas token for transactions on the Stable blockchain, streamlining the user experience. Three-Phase Launch Strategy The network rollout will occur in three distinct phases. Phase 1, currently underway, concentrates on establishing the core infrastructure with USDT as the gas. Phase 2, scheduled for late 2024, involves integrating a USDT aggregator. Phase 3 will prioritize developer tools and ecosystem growth. The mainnet launch is anticipated in late Q3 or early Q4 of this year, marking a significant step forward for stablecoin-focused blockchain technology. The project addresses issues of speed and cost often associated with other blockchains when handling stablecoin transactions. ```

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