Stable, a Layer 1 blockchain backed by Bitfinex and built around Tether’s USDT, has launched its mainnet along with its native STABLE token. The project aims to position itself as a dedicated network for stablecoin activity and digital payments, with plans to serve both institutional users and everyday consumers.
The launch also includes the creation of the Stable Foundation, an independent organization formed to guide the blockchain’s development. According to the team, the foundation will offer grants, support community programs, and take part in protocol governance. STABLE holders will have voting rights and play a role in securing the chain, while USDT will function as the network’s gas token for transaction fees.
Stable CEO Brian Mehler said the project hopes to help shape the next phase of digital payments. He noted that the team wants the network to appeal not only to large institutions but also to the broader DeFi community.
Stable’s mainnet arrives after a large pre-deposit campaign that the project says attracted more than $2 billion in deposits across more than 24,000 wallets. The company has also raised $28 million in seed funding from investors including Bitfinex and Hack VC, and continues to expand partnerships with firms such as Anchorage Digital, PayPal, and Libeara, Standard Chartered’s tokenization platform.
Token Structure and Governance
Last week, the project detailed its tokenomics. STABLE has a fixed supply of 100 billion tokens and is built for governance and network security rather than payments. Transactions on the network will continue to settle in USDT.
Under the planned allocation, 10% of tokens will go to a genesis distribution, 40% to grants and partnerships, and 25% each to the team and early investors. Team and investor tokens come with a one-year cliff and four-year vesting period. The project says it will not introduce inflation, and staking rewards will be funded by a portion of USDT-denominated network fees held in a protocol vault.
A Step Toward Stablecoin-Centered Infrastructure
With its mainnet now live, Stable hopes to build a network optimized for stablecoin payments, aiming to support both enterprise-level applications and open-access Web3 activity. The launch marks the latest attempt to expand stablecoin-focused infrastructure as demand for on-chain payments continues to grow.
In the months ahead, how well Stable can attract developers, build useful applications, and maintain community trust will determine whether its vision for stablecoin-powered payments can take hold.
