Secures $28M in Funding, Stable Potential for an Airdrop?

In the ever-evolving world of blockchain technology, securing a substantial funding round is a critical milestone. The innovative Layer 1 blockchain optimized for stablecoins, Stable has just raised a remarkable $28 million in a seed round.

The funding was led by Bitfinex and Hack VC, with contributions from several key players, including Franklin Templeton and Susquehanna International Group. But the burning question on everyone’s mind is, could this be a precursor to an exciting airdrop?

Let’s explore what this means for the crypto community.

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What is Stable’s Vision for the Blockchain?

Stable’s mission is clear: it aims to solve the significant issues associated with stablecoin transactions on traditional, general-purpose blockchains.

By focusing on USDT, the dominant stablecoin in the crypto space, Stable has built its blockchain, referred to as the “stablechain”, to optimise payments and remittances.

Why Stable Is Different from Other Blockchains

Stable differentiates itself by being a stablecoin-native Layer 1 blockchain. Unlike other general-purpose blockchains that are designed for programmability and composability, Stable is designed to handle low-fee, high-throughput, and finality-guaranteed payments.

This makes it ideal for real-world use cases, like USDT remittances, without the pain points of volatile token fees or high gas costs.

The Funding Round and Key Backers

The $28 million seed funding was co-led by Bitfinex and Hack VC. The round attracted many high-profile investors and institutions, such as Franklin Templeton and Mirana.

The project also benefited from strong advisory support, notably from Paolo Ardoino, CEO of Tether and CTO of Bitfinex. The funding is expected to propel Stable toward the mainnet launch, which is projected for late Q3 or early Q4 of 2025.

Is an Airdrop Coming Soon?

While Stable has not confirmed any specifics about an airdrop, the project's current momentum could potentially signal an exciting opportunity for the community.

Given the substantial backing and the focus on USDT, it’s possible that an airdrop could be part of Stable’s broader strategy to engage with users and increase adoption before the official mainnet launch.

Read Also: A Beginner's Guide to USDT Futures Trading on Bitrue with High Leverage

A Stable Future for Stablecoin Transactions

With its roadmap set, Stable is working toward the mainnet launch in the coming years. The upcoming phases focus on optimizing its ecosystem, and a potential airdrop could be an excellent way to increase awareness and adoption.

However, as of now, Stable's development team has not released any official airdrop details. We’ll just have to stay tuned!

What’s Next for Stable?

Stable’s development is progressing through phases, with the first phase already in motion. By the end of this year, Stable plans to introduce the USDT aggregator and ensure guaranteed blockspace.

Which will include developer tools and ecosystem growth, Phase 3 is slated for 2026. The exciting part is that the ecosystem is being built in parallel with regulatory advancements in the U.S., which could provide a solid foundation for stablecoins to flourish.

Conclusion

Stable’s $28 million in seed funding marks a pivotal moment in the evolution of stablecoins. With its tailored blockchain solution and substantial backing, Stable is positioning itself to become a significant player in the crypto world.

While the potential for an airdrop remains unconfirmed, it is something to watch closely as Stable advances toward its mainnet launch.

For those interested in trading USDT or staying updated on the latest in crypto news, check out Bitrue’s exchange or read Bitrue’s latest blogs for more insights.

FAQ

What is Stable’s primary goal?

Stable’s primary goal is to create a Layer 1 blockchain optimized specifically for stablecoins like USDT. It aims to provide low-fee, high-throughput transactions with guaranteed finality, ideal for real-world payments.

Who are the major investors behind Stable?

The $28 million seed funding round was co-led by Bitfinex and Hack VC. Other notable contributors include Franklin Templeton, Susquehanna International Group, and Mirana.

When will Stable’s mainnet be launched?

Stable’s mainnet is targeted for launch in late Q3 or early Q4 of 2025. The project is currently progressing through various development phases.

Could there be an airdrop from Stable?

While no official airdrop details have been confirmed, the momentum and backing Stable has received suggest that it may consider an airdrop to boost adoption and engage the community.

What sets Stable apart from other blockchain projects?

Stable is designed specifically for stablecoin transactions, with USDT as its native gas token. It promises a streamlined solution with lower fees and faster transactions, unlike general-purpose blockchains.