Summary
- Stable announced the official launch of the mainnet 'StableChain' and its native token 'STABLE'.
- It said the 'STABLE' token is designed as a utility focused on governance and network security, and can participate in delegated proof-of-stake (DPoS)-based consensus.
- StableChain uses 'Tether (USDT)' as the gas token, and the mainnet launch is said to be the foundation for expanding global on-chain payment infrastructure.
Stable, a layer-1 blockchain specialized for stablecoins, officially launched the mainnet 'StableChain'.
On the 8th (local time), according to crypto-focused media The Block, Stable, supported by Bitfinex, started operating the mainnet and also launched its native token 'STABLE' and a nonprofit organization 'Stable Foundation' to operate the ecosystem.
StableChain is characterized by using Tether (USDT) as the gas token. The STABLE token is designed as a utility focused on governance and network security rather than payments, and holders participate in validator selection and protocol decision-making in 'StableBFT', a delegated proof-of-stake (DPoS)-based consensus.
According to the project, the Stable Foundation will handle support roles for ecosystem expansion such as developer grants, community programs, and partnerships.
Brian Mehler (CEO of Stable) said, "It will play a central role in the trend of global payment infrastructure moving on-chain," adding, "The mainnet launch has created a foundation that allows both individuals and companies to utilize a stable payment network."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
