Stable
The world’s first USD‑native Layer‑1 delivering fast, cheap and predictable stablecoin payments.
About Stable
Stable is a Layer‑1 blockchain built specifically for USDT payments, offering native USD₮ gas, sub‑second finality and predictable low fees. It aims to provide a fast, compliant and scalable settlement infrastructure for institutions and everyday users, addressing fragmented liquidity and high transaction costs in the stablecoin ecosystem.
How it works
- 01
Native USD₮ gas eliminates separate token fees
- 02
Sub‑second finality for instant stablecoin transfers
- 03
Predictable, low fees paid directly in USD₮
- 04
EVM‑compatible, scalable infrastructure for institutions
Funding
$28.0M total raised| Round / date | Amount | Valuation | Investors |
|---|---|---|---|
| Undisclosed | — | — | eGirl Capital |
| Ieo | $0.0M | — | |
| Ieo | $0.0M | — | |
| Undisclosed | — | — | PayPal Ventures |
| Seed | $28.0M | — | Hack VC Bitfinex USDT0 Mirana Ventures eGirl Capital Nascent Bybit Franklin Templeton Investments Castle Island Ventures |
| Strategic | — | — | Gabriel Abed |
| Undisclosed | — | — | Bitfinex USDT0 |
Stable has raised a total of $28 million across several rounds, including a $28 million seed round and later undisclosed and IEO rounds.
The team
Brian Mehler
CEO
Sam Kazemian
CTO
Thibault Reichelt
COO
Tokenomics
Tokenomics are not yet public.
Strengths & risks
Strengths
- Sub‑second finality with native USD₮ gas
- Predictable, low‑cost fees paid in USD₮
- Enterprise‑ready, compliant settlement infrastructure
- High‑throughput, EVM‑compatible scaling for global demand
Risks
- Regulatory uncertainty for USDT‑linked infrastructure
- Low adoption and network effect risk
- Heavy reliance on a few large investors
Beluga’s take
The native USD₮ gas model eliminates the need for a separate token and makes fee estimates transparent, which feels like a real payment rail when I move funds between wallets. Sub‑second finality and EVM compatibility let me use familiar tooling and hit DeFi bridges without waiting for confirmations. The single‑wallet UX feels instant and the fee schedule stays predictable even during peak traffic.
Liquidity is still thin; most of the volume lives on a handful of centralized listings and the on‑chain TVL is modest, so large swaps can slip the price. The on‑ramp ecosystem lags behind major chains, so getting fiat in and out often requires a third‑party bridge that adds latency. Occasionally the network reports a fee bump that contradicts the advertised flat rate, which can be confusing for traders expecting exact costs.
The rollout of optimistic parallel execution and the upcoming StableDB upgrade have already cut batch processing times, and the move to a DAG‑based consensus promises to push throughput toward 10,000 TPS. Recent listings on Binance Alpha and Kraken have broadened access, and the PayPal Ventures and Bitfinex backing adds institutional credibility. Still, the platform needs deeper DEX integration and more on‑ramp partners to move from a promising prototype to a truly global payment layer.
Social signals
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