KuCoin Ventures has made a strategic investment in Stable, a new Layer 1 blockchain designed exclusively for stablecoin payments and settlement, positioning itself as the backbone for a global stablecoin clearing network.
Stable, developed with backing from Tether and Bitfinex, has also secured funding from Paolo Ardoino, Bitfinex’s chief technology officer and project advisor, alongside investors such as Hack VC and Franklin Templeton. The funding round highlights growing institutional confidence in purpose-built infrastructure for stablecoin transactions.
Excited to see @KuCoinVentures backing @Stable, paving the way for next-gen stablecoins built for speed, scale, and real-world impact. https://t.co/K3ATP5gW1h
— KuCoin (@kucoincom) August 1, 2025
Unlike general-purpose blockchains such as Ethereum or Tron, Stable is engineered specifically for stablecoin use cases, targeting persistent industry challenges including volatile transaction fees, slow settlement times, and complex user interactions.
The network introduces several key innovations. USDT will function as the native gas token, eliminating the need for separate platform tokens and allowing gas-free peer-to-peer USDT transfers. Stable also leverages the StableBFT consensus, based on Cosmos’ CometBFT, with plans to integrate DAG technology to further increase throughput and reduce confirmation times. Enterprises will be able to secure dedicated block space, enabling predictable fees and transaction speeds suitable for large-scale payment operations.
Cass Tsai, head of KuCoin Ventures, said the investment aligns with KuCoin’s strategy to accelerate stablecoin adoption. “Stable offers a clear path to scalable settlement and cross-border payments using USDT. We believe this technology will play a crucial role in the next phase of the stablecoin economy,” he stated.
Joshua Harding, co-founder and CEO of Stable, emphasized the project’s mission to modernize payments infrastructure. “Current payment rails are outdated. Stable leverages the efficiency of stablecoins like USDT to deliver fast, seamless, and secure transactions,” Harding said.
With this backing, Stable is set to push forward the development of a high-performance settlement network tailored for stablecoins, strengthening the link between crypto infrastructure and real-world payment systems.
Notably, KuCoin recently completed its latest Proof of Reserves (PoR) audit, which was independently verified by blockchain security firm Hacken. The audit confirms KuCoin maintains over 100% of user liabilities across all major assets, marking the exchange’s 32nd consecutive month of full collateralization.
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