Arrives #Stablechain
The new L1 of Bitfinex and #Tether launches its mainnet to dominate payments with #stablecoins and activate a "Truly On-Chain Economy"
#Stable , an ambitious project focused on payments and stablecoins backed by industry giants like Bitfinex and Tether, has officially launched the mainnet of StableChain.
This new Layer1 blockchain compatible with EVM seeks to catalyze the massive integration, both institutional and retail, of stablecoin assets into the global economy.
Focus on Payments with Stablecoins: StableChain is designed to revolutionize the way digital payments are processed globally, aiming to activate a "truly on-chain economy" for individuals and businesses, according to its CEO, Brian Mehler.
Triple Launch: Along with the mainnet, Stable announced
The launch of its native token, STABLE, which will serve as the main utility token for governance and security of the network.
1. The creation of Stable Foundation, an independent organization that will guide the growth of the blockchain through grants, community programs, and participation in governance.
2. USDT from Tether as Gas Token: A strategic move highlighting the proximity to the issuer of the world's largest stablecoin: USDT will be used for the payment of all transaction fees on the network.
Strong Backing and Traction
Funding: Stable previously raised $28 million in a seed round led by Bitfinex and Hack VC, with support from key advisors like Paolo Ardoino (CEO of Tether/CTO of Bitfinex).
Community: Its pre-deposit campaign demonstrated enormous traction, attracting over $2 billion in deposits from more than 24,000 wallets.
Strategic Alliances: Stable has already forged alliances with major institutional and payment players, including Anchorage Digital, PayPal, and Standard Chartered's tokenization platform Libeara.
#StablecoinNews $STABLE
