Paolo Ardoino, CEO of Tether, is one of the project’s advisors.
STABLE will be used for protocol governance.
On December 8, the launch of StableChain, a layer 1 network designed to facilitate stablecoin payments, was announced. The project is supported by Tether, the issuing company of USDT.
That same day, the Stable Foundation, the entity in charge of overseeing the network and its native STABLE token, was also presented.
Stable is a layer 1 network focused on offering seamless transactions, using USDT as a commission payment tokenthe most valuable stablecoin on the market, as reported by CriptoNoticias.
Its design promises to prioritize usability by eliminating the need to use volatile tokens to pay commissions. It is designed for peer-to-peer payments, remittances and cross-border operations, allowing almost instant settlements and offering an intuitive environment for both developers and users.
The token STABLE will play a central role in the network, as it will serve security functions. In addition, it will allow its holders to participate in the governance of the protocol, so that the community can intervene in decisions about the development and evolution of StableChain.
In addition, the project is backed by an initial round of 28 million dollars, with the support of the Bitfinex exchange and advisors such as Paolo ArdoinoCEO of Tether.
Added to this are alliances with institutional players such as Anchorage Digital and PayPal, which reinforce StableChain’s ambition to position itself as a key infrastructure for payments with stablecoins.