Stable Secures Strategic Financing on September 22, 2025, with Participation from PayPal Ventures

According to relevant media sources, Stable secured strategic financing on September 22, 2025. The investment round included PayPal Ventures as an investor. Following this round, Stable’s total accumulated financing has reached USD 28 million.Stable is a Layer 1 blockchain network launched by Bitfinex and Tether, focused on delivering innovative blockchain experiences for users. The project adopts USDT as its native gas token, enabling users to conduct free peer-to-peer USDT transfers. Unlike traditional blockchains, Stable allows smart contracts to run directly on stablecoins, providing applications with a gas-free user experience.The project features several innovative capabilities: support for native fiat on- and off-ramp integration, seamless cross-chain transfers via USDT0, an architecture that eliminates the need for cross-chain bridges, and a priority execution channel. These features give Stable significant competitiveness in the stablecoin application sector.Based on project developments, Stable reached its first-phase pre-deposit cap of USD 825 million on October 24, demonstrating strong market demand. The project subsequently advanced to the second phase of the pre-deposit plan and successfully launched its testnet on November 4. The mainnet is expected to officially launch in the near term, marking a critical transition from testing to production.Participation from PayPal Ventures further validates Stable’s strategic value in the stablecoin infrastructure sector and is expected to provide strong support for the project’s continued development.