KuCoin Ventures, the investment arm of the global cryptocurrency exchange, just dropped some big news: they’re backing a new project called Stable, and it’s not your average blockchain. Designed from the ground up for stablecoins, Stable bills itself as the first true “Stablechain,” a high-throughput Layer 1 network built specifically for issuing, settling, and moving USDT at scale.
High-Throughput L1 Blockchain for USDT Payments
What really sets Stable apart is that it skips the usual hurdles. Instead of making you juggle a separate platform token, the network uses USDT itself to pay for transactions, meaning peer-to-peer transfers are literally gas-free. No more surprise fees or waiting around for confirmations; the whole point is to make payments instant and headache-free.
Behind the scenes, you’ll find familiar faces from Tether and Bitfinex, with Paolo Ardoino, Bitfinex’s CTO, not only advising the team but also pitching in as an investor. Alongside him are KuCoin Ventures, Hack VC, Franklin Templeton, and a handful of other backers who clearly see the need for better stablecoin rails.
Joshua Harding, Co-founder and CEO of Stable, said, “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. 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.”
Under the hood, Stable runs on StableBFT, a consensus mechanism forked from Cosmos’ CometBFT, and it’ll even layer in a DAG architecture down the road to boost throughput. For businesses that need iron-clad performance, there’s a block-space program—think of it like reserving a lane on the highway so your transactions never get stuck in traffic.
Commenting on the investment, Cass Tsai, Head of KuCoin Ventures, said, “We firmly believe in the long-term potential of stablecoins in global payment ecosystems. Stable, as a high-performance blockchain tailored for USDT, provides a clear path forward for scalable stablecoin circulation, settlement, and cross-border use cases. We look forward to working with the Stable team to advance the development of a global stablecoin clearing and settlement network, and to support the industry’s next growth chapter.”
Development is in full swing, and with a public testnet just around the corner, Stable looks set to become the go-to rails for moving money with crypto’s lightning speed and fiat’s rock-solid reliability. Keep an eye on it, this could be the moment that reshapes how we send and receive digital cash.
