The L1 blockchain Stable is preparing for launch with support from the Bitfinex exchange and USDT0, a company affiliated with Tether. Paolo Ardoino, the CEO of the latter, serves as an advisor.
We’ve spent the past year quietly building new financial infrastructure — backed by @Bitfinex and @USDT0_to.
Today, we’re stepping out of stealth. ?
Introducing Stable, a new Layer 1 blockchain where USDT is the native gas, and peer-to-peer USDT transfers are free.
Built for… pic.twitter.com/F67ctbkWFg
— Stable (@stable) June 5, 2025
Stable will use the USDT stablecoin to pay fees, and will make P2P transfers of these “stablecoins” free. The project is aimed at institutional users.
Currently, developers are testing the future network. A key offering of Stable will be “enterprise lanes,” which will provide expedited transaction processing for financial institutions.
According to the team, “the current infrastructure for stablecoins is fragmented, expensive, and unstable,” despite USDT alone facilitating over $100 billion in daily transaction volume. The Stable project aims to address these issues.
Stable will enable money transfers, global payments, the creation of stablecoin-based neobanks, and treasury management. It also promises support for on-chain currency operations, lending, settlements, and cross-border B2B payments.
The project is being developed by “protocol engineers, fintech operators, and founders of cryptocurrency projects.”
Earlier in June, the total market capitalization of stablecoins surpassed the $250 billion mark for the first time.