Bitfinex-Backed Stable Raises $28M to Boost USDT Payments
Stable raises $28M to boost USDT payments, aiming to speed up stablecoin payments amid growing U.S. regulatory clarity.
Stable, a new Layer 1 blockchain focused on powering USDT transactions, has raised $28 million in seed funding. The network, described as a “stablechain,” is built specifically for stablecoins. It aims to create fast and seamless financial transactions using Tether’s USDT. It was led by Bitfinex and Hack VC with the participation of Franklin Templeton, Castle Island Ventures, eGirl Capital, Bybit-Mirana, Susquehanna Crypto, Nascent, Blue Pool Capital, BTSE, and KuCoin Ventures.
Stable raises $28M to boost USDT payments, aiming to speed up stablecoin payments amid growing U.S. regulatory clarity.
Stable, a new Layer 1 blockchain focused on powering USDT transactions, has raised $28 million in seed funding. The network, described as a “stablechain,” is built specifically for stablecoins. It aims to create fast and seamless financial transactions using Tether’s USDT. It was led by Bitfinex and Hack VC with the participation of Franklin Templeton, Castle Island Ventures, eGirl Capital, Bybit-Mirana, Susquehanna Crypto, Nascent, Blue Pool Capital, BTSE, and KuCoin Ventures.