- Stable bills itself as the first “Stablechain,” a blockchain designed specifically to facilitate stablecoin activity at scale, and is powered by USDT.
- There is increasing agreement that stablecoin infrastructure has to be enhanced, as seen by the participation of both conventional finance investors and crypto-native investors.
A strategic investment in Stable, a high-throughput Layer 1 blockchain specifically created for stablecoin issuance, settlement, and payments infrastructure, has been announced by KuCoin Ventures, the investment division of the global cryptocurrency exchange KuCoin. Stable bills itself as the first “Stablechain,” a blockchain designed specifically to facilitate stablecoin activity at scale, and is powered by USDT.
Teams from Bitfinex and Tether are supporting the project, while Bitfinex CTO Paolo Ardoino is providing advice. Among others, Franklin Templeton, Bitfinex, Hack VC, KuCoin Ventures, and Ardoino participated in the financing round. There is increasing agreement that stablecoin infrastructure has to be enhanced, as seen by the participation of both conventional finance investors and crypto-native investors.
Stable, in contrast to general-purpose blockchains like Ethereum or Tron, is designed for stablecoin use cases and seeks to address a number of issues with current on-chain payments. These consist of erratic costs, protracted confirmation periods, and user experience hiccups. By integrating features straight into its basic protocol, Stable’s architecture offers a more efficient method of payments.
Joshua Harding, Co-founder and CEO of Stable stated:
“Payments infrastructure around the world needs an overhaul, and traditional methods have failed to achieve fast, reliable, and secure digital payments despite massive demand from consumers across the globe. Stable was developed to take advantage of the potential behind stablecoins like USDT to offer instant and seamless payments, directly addressing problems with current payment rails. The support we have received from major investors in both crypto and traditional finance shows that they share our vision, one that we are incredibly excited to work alongside them to make a reality.”
The usage of USDT as the native gas token, which removes the need for users to retain a separate platform token, is one of Stable’s primary differentiators. Gas-free peer-to-peer USDT transfers greatly streamline the payment procedure. The blockchain will use the DAG (Directed Acyclic Graph) design to significantly boost throughput and shorten confirmation times. It is based on the StableBFT consensus, which was evolved from Cosmos’ CometBFT. Enterprise-grade scalability is another feature that Stable offers, enabling companies to apply for dedicated block space to guarantee consistent transaction throughput.
Commenting on the investment, Cass Tsai, Head of KuCoin Ventures, said:
“We firmly believe in the long-term potential of stablecoins in global payment ecosystems. Stable, as a high-performance blockchain tailored for USDT, provides a clear path forward for scalable stablecoin circulation, settlement, and cross-border use cases. We look forward to working with the Stable team to advance the development of a global stablecoin clearing and settlement network, and to support the industry’s next growth chapter.”
Acknowledging the importance stablecoins will play in future financial systems, KuCoin Ventures’ strategic emphasis on stablecoin ecosystems and next-generation payment infrastructure is continued with this investment.
