STABLE In-Depth Analysis: Redefining the Next Generation of Stablecoin Payments Layer 1

In just 20 minutes, its pre-deposit quota was snapped up, locking in up to 825 million USD worth of USDT. This is not merely a short-term frenzy in the crypto market.

The project successfully completed a seed round financing of up to 28 million USD. With the GENIUS Act officially becoming law in July 2025, providing a clear compliance framework for stablecoins, Stable’s narrative aligns unprecedentedly well with the real-world financial infrastructure needs.

01 Latest Market Trends: The Clash Between Market Hotness and Technological Prospects

According to Gate market data, as of December 25, 2025, the real-time price of STABLE tokens is 0.0103 USD.

In the past 24 hours, its price increased by +11.2%, indicating short-term market momentum. The longer-term market structure is more challenging: the price has fallen 5.9% over the past 7 days, and over the past month, it has dropped by 65.6%.

This price trend reflects the market’s assessment of the high volatility characteristic of emerging public chain projects. Currently, STABLE’s circulating market cap is approximately 182 million USD, ranking 159th in the Gate platform and across the entire cryptocurrency market.

02 Project Positioning: Why Is It Called the “Trojan Horse” in the Stablecoin Field?

Stable is not aiming to create a new stablecoin but aspires to become the dedicated infrastructure for existing stablecoins, especially USDT, which dominates the market with a 150 billion USD market cap.

It is designed as a Layer 1 blockchain (Stablechain), but its core narrative is “USDT native”.

This means USDT is not only its main asset on the chain but also the native fuel (Gas) token for network operation. This design aims to address the core pain points of current stablecoin usage.

High and Unpredictable Gas Fees: On congested networks like Ethereum, transaction fees for sending small amounts of stablecoins can exceed the transfer amount itself.

Slow Settlement Speeds: Traditional blockchains have confirmation times ranging from minutes to hours, unable to meet instant payment needs.

Complex User Experience: Managing Gas fees, private keys, and different tokens creates high barriers for ordinary users.

Stable’s solution targets these issues directly: offering zero-fee P2P USDT transfers and sub-second final transaction confirmation. Its mission is to become the “ultimate settlement layer” for stablecoins, especially USDT, pushing it from a crypto trading medium toward a mainstream global payment tool.

03 Technical Architecture: How to Achieve Zero Gas Fees and Lightning Payments?

Stable’s technological innovation revolves around a core goal: making payments as simple and seamless as sending messages. Its architecture achieves breakthroughs at several key levels.

Revolutionary Gas-Free Experience: EIP-7702 and Account Abstraction

Stable adopts the EIP-7702 standard and account abstraction technology to realize a true gas-free user experience. Unlike previous standards like ERC-4337, which require creating new smart wallets, EIP-7702 allows users to enable smart contract functionality directly on existing wallet addresses (e.g., MetaMask) without transferring assets.

On Stable, when a user initiates a USDT transfer, wallets supporting EIP-7702 can “request to waive the transaction fee.” This fee is actually borne by the payer but is completely invisible to the user, similar to using PayPal.

This mechanism eliminates the hassle of holding separate Gas tokens and is a key step in lowering the usage barrier.

Sub-Second Finality and High Performance

Stable uses a consensus algorithm called StableBFT, which generates a block approximately every 0.7 seconds, and transactions are finalized after a single confirmation, eliminating “pending” states.

To further improve efficiency, the network employs Block-STM parallel processing technology, capable of executing many independent transactions simultaneously. In the long term, it aims to upgrade to Autobahn DAG consensus mechanism, with internal testing already achieving processing speeds of up to 200,000 TPS.

Seamless Compatibility and Ecosystem Friendliness

Despite its advanced technology, Stable maintains compatibility with the Ethereum Virtual Machine (EVM), allowing developers to easily migrate or deploy existing smart contracts.

By integrating LayerZero’s OFT standard, USDT from other blockchains can be bridged to the Stable network frictionlessly, forming a unified USDT0 token, solving the fragmentation of liquidity across multiple chains.

04 Market Landscape: Opportunities, Competition, and Potential Risks

Stable navigates a vast but increasingly competitive track. The on-chain transaction volume of stablecoins reached 27.6 trillion USD in 2024, surpassing the total of Visa and Mastercard combined, highlighting its undeniable potential as a payment infrastructure.

Fierce Competition

Stable is not the only project seeing this opportunity. Its direct competitors include:

• Plasma: Supported by Tether-related figures, attracting market attention through active pre-deposit campaigns and rapidly growing TVL.
• Arc: Backed by Circle, issuer of USDC, focusing on institutional-grade services and multi-stablecoin compatibility.
• Tempo: Incubated by payment giants Stripe and Paradigm, attracting top Ethereum developers.

Key Risks

Despite promising prospects, Stable and its investors must face several risks:

Pre-deposit structure and early profit distribution: The early pre-deposit activity was snapped up in a very short time, with funds highly concentrated in a few addresses. Some analyses suggest this structure could lead early participants to become active sellers after mainnet launch, while retail investors face higher risk of being left holding the bag.

Questions over demand authenticity: Critics argue that the “pain points” Stable aims to solve may be exaggerated. For example, on high-efficiency chains like Solana, large USDT transfers cost less than 1 USD, and the advantage of zero Gas fees may have limited practical value for ordinary users.

Regulatory and technological uncertainties: Although the GENIUS Act provides a framework, the global regulatory environment is still evolving. Additionally, as a new public chain, its technical security and ecosystem vitality need time to prove.

05 Future Outlook: From Payment to New Financial Infrastructure

Stable’s vision extends far beyond an efficient blockchain. Its team, including CEO Brian Mehler and advisors like Tether CEO Paolo Ardoino, is focused on building the next-generation global financial settlement network.

Stable explicitly positions itself as a high-performance infrastructure serving institutional settlement and B2B cross-border payments. This strategic choice avoids the red ocean of DeFi competition among many public chains and instead targets enterprise-level markets with higher demands for compliance, speed, and reliability.

Currently, PayPal Ventures is a strategic investor, planning to introduce its stablecoin PYUSD onto the Stable chain, marking recognition from traditional fintech giants of its infrastructure capabilities.

Future Outlook

As the Stable mainnet continues to develop, its price trend will remain closely linked to market sentiment, ecosystem deployment speed, and the progress of stablecoin regulation globally. Successfully attracting giants like PayPal signifies that a track connecting the old world and the new is being laid.

Stablecoins are no longer just digital numbers on screens but may become the underlying protocol for your next cross-border remittance or enterprise settlement. As its CEO states, they are committed to “redefining the way funds flow,” and the battle for this defining right has only just begun.