Stable Unveils STABLE Tokenomics and Mainnet Launch Date, Backed by Tether and Bitfinex

Stable, a Layer-1 blockchain backed by Tether and Bitfinex, has detailed the tokenomics for its native STABLE token ahead of its mainnet launch scheduled for December 8 at 8:00 a.m. The network is specifically designed for high-volume stablecoin transactions, emphasizing scalability, low costs, and predictable fees.

The STABLE token has a fixed, maximum supply of 100 billion. It will serve as the backbone for network security and governance through a delegated proof-of-stake (DPoS) consensus mechanism called StableBFT. Token holders can delegate their stake to validators, creating what the project calls a "meaningful economic commitment" from operators. Importantly, STABLE will not be used as a payment or gas asset; all transactions and network fees will be denominated in USDT, insulating users from the token's price volatility.

In terms of governance, STABLE holders will have voting rights on crucial protocol matters, including upgrades and the allocation of community and ecosystem reserves. Staking rewards will be derived from the network fees collected in USDT within a protocol vault, with delegators eligible to claim a share, promoting long-term platform sustainability.

The token distribution is structured as follows: 40% (40 billion tokens) is allocated for ecosystem expansion (developer grants, partnerships, incentives), with 8% unlocking at launch and the remainder vesting over three years. 25% is allocated to the team and another 25% to early investors and advisors, both subject to a one-year cliff and a four-year vesting schedule. The remaining 10% is reserved for genesis distribution to bootstrap liquidity and community engagement.

The project has demonstrated significant early interest through its pre-deposit campaigns, which concluded with over 10,000 verified wallets contributing more than $1.1 billion. The first phase, which hit its $825 million cap in just 22 minutes, was criticized for large wallet dominance, prompting Stable to implement per-wallet deposit limits in the second phase for a more equitable distribution. Stable is also backed by $28 million in seed funding from investors including PayPal Ventures.