{"id":39761,"date":"2025-07-31T13:31:53","date_gmt":"2025-07-31T13:31:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39761"},"modified":"2025-07-31T13:31:53","modified_gmt":"2025-07-31T13:31:53","slug":"tether-focused-blockchain-stable-raises-28m-to-power-stablecoin-payments","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39761","title":{"rendered":"Tether-Focused Blockchain Stable Raises $28M to Power Stablecoin Payments"},"content":{"rendered":"<div>\n<p>Stable, developer of a new blockchain built around Tether\u2019s USDT, said it raised $28 million in a seed round led by Bitfinex and Hack VC.<\/p>\n<p>Other backers include Franklin Templeton, Castle Island Ventures and KuCoin Ventures, alongside angel investors like Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson.<\/p>\n<p>The Stable blockchain, described as a \u201cstablechain,\u201d aims to turn USDT into the foundation for digital payments around the world by offering fast settlement, low fees and a stable unit of account in one package.<\/p>\n<p>The raise follows the <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/07\/18\/trump-is-to-sign-the-historic-genius-act-into-law-what-does-it-mean-for-crypto\">GENIUS Act<\/a>, which sets up a regulatory framework for stablecoins like USDT, being signed into law.<\/p>\n<p>\u201cPayments 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,\u201d Stable CEO Joshua Harding said in a statement. \u201cStable 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.\u201d<\/p>\n<p>Stable\u2019s roadmap unfolds in three phases this year. Phase one makes USDT the gas token and implements sub-second block times. Phase two will introduce blockspace guarantees for enterprise-grade payments, and phase three will focus on developer tools and performance upgrades, according to the release.<\/p>\n<p>The project isn\u2019t alone in focusing on stablecoins. Just this week, stablecoin-focused network <a href=\"https:\/\/www.coindesk.com\/business\/2025\/07\/28\/stablecoin-focused-bitcoin-sidechain-plasma-draws-usd373m-in-oversubscribed-token-sale\">Plasma raised $373 million<\/a> in an oversubscribed token sale. The network offers fee-free stablecoin transfers.<\/p>\n<p>The stablecoin industry has grown exponentially over the last few years to now have a $273 billion market capitalization. It\u2019s largely dominated by U.S. dollar stablecoins such as Tether\u2019s USDT and Circle\u2019s USDC.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stable, developer of a new blockchain built around Tether\u2019s USDT, said it raised $28 million in a seed round led by Bitfinex and Hack VC. Other backers include Franklin Templeton, Castle Island Ventures and KuCoin Ventures, alongside angel investors like Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson. The Stable blockchain, described as a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39761","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39761"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39761\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}