Stable (STABLE) crypto is the governance and staking token of Stable, an EVM-compatible Layer 1 blockchain built for USDT payments and settlement. STABLE is priced at $0.02627, down 0.95% over 24 hours, and ranks #156 by market capitalization. The token does not pay transaction fees, which are settled in USDT0, a version of USDT that serves as the network's native gas asset.
Core technology and blockchain architecture
Stable's documentation describes a dedicated payments chain in which USDT0 is both the native gas token and an ERC-20 token. USDT0 is an omnichain representation of USDT built on LayerZero's Omnichain Fungible Token standard. The mainnet uses chain ID 988 and a block time of about 0.7 seconds. Its gas model uses a single-component base fee with no tip auctions.
Stable mainnet and the STABLE token launched on 8 December 2025, following a public testnet. The protocol is described in a whitepaper dated 14 August 2026, which the project labels v2.0.
Primary use cases and real-world applications
- StablePay: A mobile app launched on 15 July 2026 that lets users send and receive USDT free of charge. Blockworks reports it is available on iOS and Android in more than 160 countries.
- StableEarn: A USDT yield product launched on 26 May 2026. Yield comes from real-world products such as Treasurys and gold, offered by Theo.
- Visa Direct: An integration announced at Korea Blockchain Week 2026 that connects onchain settlement to payouts into bank accounts and mobile wallets.
- Stablecoin issuers: PayPal USD (PYUSD) has been announced for the chain, issued by Paxos. The launch timing is disputed in sources.
Who is behind Stable and where is it based?
Stable's 2025 funding announcements name Joshua Harding as founder and CEO. Its later official materials list Matthew Tabbiner as CEO from August 2025, and its team page now lists Brian Mehler as CEO and Sam Kazemian as CTO. Sources conflict on the current CEO title, and this overview does not resolve that conflict. Kazemian founded the stablecoin protocol Frax.
The founding year is not confirmed. LinkedIn lists 2024, while a Tracxn profile lists 2016, which conflicts with the public launch timeline. The project publicly emerged with a $28 million seed round on 31 July 2025.
Stable's terms of service identify Stable Foundation as a foundation company incorporated in the Cayman Islands. Other documents conflict: the whitepaper refers to a Panama foundation, and a secondary source refers to British Virgin Islands entity. The CEO's LinkedIn profile lists Dubai, while the company's LinkedIn page lists Carson City, Nevada. A single headquarters country is not publicly confirmed.
Tokenomics
Total supply is 100,000,000,000 STABLE, and circulating supply is 17,998,900,010 STABLE. At the current price, the market capitalization is $472.64M, and 24h trading volume is $7.67M. The token is trading 39.23% below its all-time high of $0.04324.
The initial allocation is 40% ecosystem and community, 25% investors and advisors, 25% team, and 10% genesis distribution. Under the whitepaper's Universal Lock, 82,000,000,000 STABLE was locked as of 5 October 2026. Releases begin on 8 December 2027 across seven scheduled floors, with full release scheduled by 8 June 2029. A safety floor can delay a release by up to nine months if the 30-day VWAP falls below $0.025.
DefiLlama lists the next unlock on 7 November 2026, covering 888.89 million STABLE allocated to ecosystem and community. Bitrue cites 8 October 2026 for a similar-sized release. Protocol inflation is reported as zero, since the full supply was issued at chain launch. The sources reviewed do not describe a burn mechanism.
Consensus mechanism and network security
Stable uses StableBFT, a customized proof-of-stake protocol built on CometBFT. It provides deterministic finality, meaning blocks are final on inclusion, and tolerates up to one-third of validators failing or acting maliciously. Validators must stake STABLE, and token holders can delegate stake to selected validators. Validators and stakers are paid from gas fees paid in USDT0 rather than from new issuance.
Key partnerships and ecosystem integrations
The $28 million seed round was led by Bitfinex and Hack VC, with participants including Franklin Templeton, Castle Island Ventures, and KuCoin Ventures. Tether and Bitfinex back the chain. Coinbase listed STABLE on 27 October 2026. Other integrations include Mesh Alliance, Chainalysis token support, Anchorage Digital, and WalletConnect. Stable reported more than 150 partners building in its ecosystem.
Competitive advantages and unique value proposition
Stable's central design choice is that USDT is the gas asset, so users do not need to acquire a volatile token to transact. The project states that its design targets sub-second deterministic finality and predictable fees. It combines the chain with consumer and enterprise applications, including StablePay, StableEarn, and Visa Direct payouts.
Current development activity and roadmap
Stable reported 7.18 million total transactions in June 2026, about 160% above May. Version 1.8.0, released 26 August 2026, focused on throughput and predictability. Version 1.9.0, dated 31 October 2026, adds safeguards for transaction execution and strengthens fund safety during staking. The roadmap places the USDT Transfer Aggregator and Stable Pay in progress, and StableBFT on Autobahn as a planned phase.