StableChain launches mainnet with USDT gas fees, dedicated governance token
StableChain, a new Layer-1 network backed by Tether, has launched its mainnet using USDT for gas fees and introduced a dedicated governance token.Summary
Tether-backed protocol Stable has launched its mainnet, StableChain, a new Layer-1 network specifically designed for stablecoin transactions where gas fees are paid using Tether's USDT, eliminating reliance on volatile assets for payments. Alongside the mainnet debut, Stable introduced the Stable Foundation and the native STABLE governance token, separating network security from USDT settlement flows. The project follows a successful pre-deposit campaign exceeding $2 billion and a $28 million seed round backed by investors including Bitfinex and Tether CEO Paolo Ardoino, who also serves as an adviser. This launch expands the stablecoin infrastructure footprint shared by Bitfinex and Tether, addressing the limitations of existing blockchains for fast, low-cost stablecoin settlement, a growing area of focus for the digital payments industry.
(Source：Cointelegraph)