TLDR:Stable raises $28M seed round led by Bitfinex and Hack VC for USDT-focused blockchain.Tether’s Paolo Ardoino joins as advisor, signaling growing institutional interest in stablecoin rails.The chain will use USDT as gas, offering zero-fee payments and sub-second finality.Launch aligns with new U.S. stablecoin regulations and rising institutional payment demand.Stable just closed a $28 million seed round. Bitfinex and Hack VC led the deal, joined by Franklin Templeton, KuCoin Ventures, and others. The funding is aimed at one goal: creating a Layer 1 blockchain built entirely around USDT payments. Its team says the new network will remove friction from stablecoin transactions. The plan is to turn stablecoins into a seamless payment tool for businesses, developers, and users worldwide.Bitfinex Among Backers Behind StableAccording to the company, major investors include Bybit Mirana, Susquehanna International Group, Castle Island Ventures, and eGirl Capital. Bitfinex, an early supporter, also incubated the project. Notable advisors include Paolo Ardoino from Tether and Bryan Johnson of Braintree. Their involvement signals growing institutional interest in infrastructure designed specifically for stablecoins.Tether CEO Paolo Ardoino said the U.S. is shifting toward clearer crypto rules. He noted that such changes could allow financial institutions to adopt stablecoins like USDT on a larger scale. Stable’s leadership believes this timing positions the project to meet a critical market demand.1/ We've raised $28M in seed round funding led by Bitfinex and Hack VC to launch @Stable — the first dedicated Layer 1 stablechain optimized for USDT payments. pic.twitter.com/NT4vrzy10I— Stable (@stable) July 31, 2025Stable describes its blockchain as a “stablechain” focused on real-world payments. It will run USDT as its native gas token, allowing zero-fee transfers. The chain is also EVM-compatible, meaning developers can use existing Ethereum tools without extra integration work.The company says the network offers sub-second block finality and enterprise-scale throughput. It plans to roll out the technology in three phases, starting with USDT as gas and no-fee transfers. Future updates will add transfer aggregators, guaranteed blockspace, and developer-focused SDKs.Timing Aligns with Regulation and DemandStable’s launch comes shortly after the passage of the GENIUS Act in the United States, which provides new regulatory clarity for stablecoin payments. CEO Joshua Harding explained that this legal shift, combined with rising institutional demand, creates a rare window of opportunity.He added that the global payments industry still runs on outdated rails, leaving stablecoins as an untapped solution. Stable intends to fill that gap by offering infrastructure designed for instant, borderless payments.With this funding in place, Stable is preparing to deliver a blockchain optimized for stablecoins from day one. Its roadmap points to a future where USDT can move as easily as money in a bank account. The post Bitfinex and Hack VC Back $28M Push for USDT-Powered Stablechain appeared first on Blockonomi.