Stable Blockchain Backed by Bitfinex Aims at Institutions

• Stable uses USDT as gas fees and targets institutional players instead of retail crypto users.
• Backed by Bitfinex and USDT0, Stable raised $24 million despite its anonymous development team.

A new name has emerged in the blockchain landscape: Stable. This is no ordinary crypto project passing by, because behind it are Bitfinex and USDT0, two entities that are serious about the crypto world. In fact, Tether CEO Paolo Ardoino is also included as an advisor—a trump card that cannot be ignored. But what exactly does Stable offer that has so many eyes focused on it?

A new blockchain project named “Stable” is set to launch, backed by crypto exchange Bitfinex and USDT0, with Tether CEO Paolo Ardoino as an advisor. The chain will use USDT for gas fees and is reportedly targeting financial institutions rather than retail users. The team remains…

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From the start, Stable has shown an unconventional direction. Instead of targeting retail users like most other projects, they have chosen a more challenging path: financial institutions. Even more interestingly, they have decided to make USDT the main gas token on the network. This means that every transaction on this blockchain will use USDT, not a native token that must be purchased and stored separately.

But that’s not all that makes this project feel different. Transfers between Stable users using USDT are said to be free of charge.

For a financial institution, this is like being offered a quiet and free toll road, whenever needed. And for those who need extra performance, there is a special lane called Enterprise Lanes, a kind of “fast lane” designed for institutions that crave speed and efficiency.

Stable Secures Big Investors Without Revealing Its Team

So far, the Stable development team has been reluctant to appear in public. No names are displayed. They only call themselves “protocol engineers, fintech operators, and crypto founders.” A bit mysterious, but this strategy somehow fits the “silent operator” image they want to build.

Although the team is unknown, Stable has managed to raise $24 million in its seed round, with names like Peter Thiel and Framework Ventures also on the list of backers. For many, this is a signal that this project has weight that cannot be underestimated.

More interestingly, the launch of Stable comes at a time when many financial institutions are starting to seriously tinker with blockchain technology. Tradeweb, for example. On June 6, they announced a strategic partnership with Goldman Sachs through the GS DAP digital platform, which will later operate as a standalone entity.

Tradeweb even participated in a $47 million funding round for startup Securitize, which focuses on tokenizing real-world assets—from money market funds to fiat currencies.

Institutions Are Finally Warming Up to Public Blockchain Use

A similar move is coming from Solana. On May 24, the Solana Foundation partnered with HSBC, Bank of America, and Euroclear through a partnership with British software company R3. The deal opens up opportunities to integrate public blockchains into the systems of these financial institutions. In fact, Solana Foundation President Lily Liu joined R3’s board of directors as part of the deal.

What are the benefits of all this? It’s not just about technological prestige. Tokenization streamlines many processes that are usually slow and costly.

Transaction settlements can be accelerated, collateral requirements can be reduced, and administrative burdens are drastically reduced. It’s as if everyone is looking for an upgraded version of the old financial system that has always been complicated.

In that context, Stable’s presence feels timely. At a time when many institutions are starting to seriously consider public blockchains as a new backbone, Stable offers something rare: a simple structure, minimal fees, and an ecosystem designed from the ground up for real-world financial institutions.