Stable launched StableChain, a USDT-powered layer-1 blockchain that uses Tether’s USDT to pay gas and is optimized for stablecoin transactions. The rollout includes a Stable Foundation and the STABLE governance token. A pre-deposit campaign drew over $2 billion from more than 24,000 wallets, and a $28 million seed round was backed by Bitfinex, Hack VC and other investors (Tether CEO Paolo Ardoino listed as an adviser). Stable says the design separates network security from payment flows settled in USDT and expands USDT/Bitfinex/Tether stablecoin infrastructure.

Mainnet launch and a design using USDT for gas are concrete product developments; the pre-deposit campaign raised over $2 billion from 24,000+ wallets and a $28 million seed round included Bitfinex and Tether-linked investors, all facts that support a moderately bullish outlook and potential market relevance.