Stable has officially launched its mainnet, introducing a Layer 1 blockchain purpose-built for stablecoin transactions and digital payments. According to the announcement, the network uses USDT as its native gas token and is designed to expand stablecoin usage across legacy payment infrastructure for both institutional and retail use cases involving USDT and other stablecoin assets.
A Layer 1 Built Around Stablecoin Utility
Unlike general-purpose blockchains, Stable is positioning itself as a network focused specifically on the movement of stablecoins and payment settlement. Alongside the mainnet launch, the company also unveiled the Stable Foundation and its native token, STABLE. The broader goal is to create infrastructure that helps bring digital assets into real-world payment systems and strengthens the connection between onchain finance and traditional payment rails.
Funding and Strategic Backing
Before the mainnet debut, Stable completed a $28 million seed round led by Bitfinex and Hack VC. Its strategic partners include Anchorage Digital and Paypal. CEO Brian Mehler said the company sees itself at the center of a major financial shift, with the ambition of building an onchain economy that can be accessed by both individuals and enterprises.
Early Demand Signals
Stable also pointed to strong early interest ahead of launch. Its Pre-Deposit campaign attracted more than $2 billion from 24,000 wallets, suggesting meaningful market appetite for dedicated stablecoin infrastructure. The project also lists Tether CEO Paolo Ardoino and Anchorage Digital CEO Nathan Macauley among notable advisors and crypto investors. With the mainnet now live, market attention is likely to turn to whether Stable can translate early momentum into real payment integration and broader adoption.