NEW YORK, July 31, 2025 — Stable, a next-generation Layer 1 blockchain network designed to power real-time financial transactions using stablecoins, has officially emerged from stealth mode with the announcement of a $28 million seed funding round. The round was led by Bitfinex and Hack VC, with significant backing from top-tier institutions including Franklin Templeton, Castle Island Ventures, eGirl Capital, Bybit-Mirana, Susquehanna Crypto, Nascent, Blue Pool Capital, BTSE, and KuCoin Ventures.
Prominent angel investors and advisors supporting Stable include Paolo Ardoino (CEO of Tether), Bryan Johnson (founder of Braintree), Nathan McCauley (CEO of Anchorage), and Gabriel Abed. Notably, Bitfinex has incubated Stable since inception, underscoring its early conviction in the blockchain’s potential.
Stable positions itself as the world’s first “stablechain” — a Layer 1 blockchain built from the ground up around USDT (Tether) to enable fast, reliable, and seamless digital payments. The new funding will be used to strengthen Stable’s infrastructure, scale its team, and expand global USDT distribution — an especially timely move following the passage of the GENIUS Act, a landmark U.S. crypto law providing clarity around stablecoin payments.
“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,” said Joshua Harding, Founder and CEO of Stable. “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 GENIUS Act has set the stage for rapid adoption of stablecoin-enabled payments by offering clear regulations and streamlined processes for banks and financial institutions to embrace digital payment systems. With this shift, Stable is ideally positioned to become a key player in transforming the digital financial landscape.
“It is clear that the US is undergoing a complete 180 in terms of its approach to digital assets and stablecoins, moving from the ‘enforcement by lawsuit’ approach under the previous administration towards providing clear rules of the road for institutions,” said Paolo Ardoino, CEO of Tether and CTO of Bitfinex. “Now, major financial institutions and banks will be able to fully unleash the power behind assets like USDT, something the Stable team fundamentally understands and is exceptionally poised to capitalize on. They are very advanced in terms of their infrastructure and roadmap, making them well positioned to bring USDT into the mainstream.”
Stable’s 2025 Roadmap
Stable has also announced a three-phase rollout for its blockchain infrastructure:
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Phase 1 (underway): Integration of USDT as the network’s foundational gas token, paired with sub-second block times and transaction finality to improve scalability and speed.
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Phase 2 (upcoming months): Launch of USDT transfer aggregators and guaranteed blockspace for enterprise-grade performance.
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Phase 3: Further speed upgrades along with dedicated tools and frameworks to empower decentralized application (dApp) development on Stable.
As stablecoin adoption reaches new heights and regulatory support strengthens, Stable is setting the stage to be the go-to blockchain for instant, low-cost financial transactions powered by USDT.