Tether-Powered Blockchain 'Stable' Raises $28 Million to Build the Future of Stablecoin Payments
Staff Writer • 2025-08-01
Backed by Bitfinex, Hack VC, and Franklin Templeton, the new Layer 1 is betting big on USDT as the default payment rail NEW YORK — The next evolution of stablecoin infrastructure just got a capital injection. Stable, a new Layer 1 blockchain built with Tether’s USDT at its core, has raised $28 million in a seed round led by Bitfinex and Hack VC, with participation from both crypto-native firms and traditional finance giants including Franklin Templeton, Castle Island Ventures, Susquehanna International Group, and Blue Pool Capital. The round also includes a roster of notable angels such as Paolo Ardoino of Tether and Bryan Johnson of Braintree. Fresh out of stealth, Stable is branding itself as the first “stablechain”, a blockchain network purpose-built for stablecoin transactions, with USDT serving as both the settlement currency and native gas token. The funding will be used to scale the team, build out infrastructure, and expand USDT distribution globally. Why This Matters Stable’s pitch is simple. Traditional payments infrastructure is slow, expensive, and fragmented. Stablecoins like USDT, on the other hand, are fast, borderless, and liquid. By using USDT as the foundational layer, Stable aims to eliminate the friction of volatile gas fees and provide a smooth, cost-effective experience for end users and enterprises. “Payments infrastructure around the world needs an overhaul,” said Joshua Harding, Co-founder and CEO of Stable. “We developed Stable to unlock the full potential of stablecoins for instant and seamless payments. The backing from both crypto and institutional investors confirms that this vision is gaining serious traction.” The timing is critical. The U.S. recently passed the GENIUS Act, which offers regulatory clarity for stablecoin payments and gives financial institutions the green light to implement compliant digital payment rails. That legal shift turns stablecoins from a gray area into a green light, giving Stable a regulatory tailwind few Layer 1s have enjoyed before. The Stablechain Roadmap Stable plans to roll out in three phases. Phase 1, already underway, establishes USDT as the network’s gas token and introduces sub-second block times and finality. Phase 2 will bring in USDT transfer aggregators and guaranteed blockspace for enterprises, solving key efficiency challenges. Phase 3 will focus on speed upgrades and developer tooling to kickstart dApp activity. Stable’s vision is tightly aligned with Tether, the issuer of USDT and the most widely used stablecoin globally. With Bitfinex incubating the project from day one and Tether CEO Paolo Ardoino backing it both financially and publicly, Stable is positioned to push USDT deeper into payments, remittances, and cross-border commerce. “It is clear that the US is shifting toward clear rules and real innovation,” Ardoino said. “Stable understands this moment better than most, and they are well ahead in terms of roadmap and infrastructure.” From Gas Fees to Global Reach Stable’s core value proposition is usability. By eliminating the need for volatile native tokens, the network creates a smoother path for both institutional and retail adoption. In markets where banking infrastructure is limited, and remittances are costly, Stable sees an opportunity to make stablecoin transactions as easy as sending a text message. Whether it’s peer-to-peer payments, enterprise settlements, or fintech integrations, Stable wants to serve as the backbone for stablecoin adoption. And with $28 million in backing and Tether in its corner, the startup is now firmly on the radar of anyone betting on the next wave of blockchain utility.
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