Summary
- Stable announced that it has secured $28 million in seed investment.
- Major investors include Bitfinex, Hack VC, Franklin Templeton, and Paolo Ardoino (CEO of Tether).
- Stable aims to expand stablecoin payment infrastructure including Tether.
Stable, a Layer 1 blockchain based on Tether (USDT), has secured $28 million (approximately ₩3.9 billion) in seed investment.
According to CoinDesk on the 31st (local time), Stable announced that it had completed the $28 million seed funding round. Stable aims to expand stablecoin payment infrastructure—including Tether—through its proprietary blockchain, Stablechain.
This seed investment was led by Bitfinex and Hack VC. It has been reported that Franklin Templeton and Paolo Ardoino, CEO of Tether, also participated in this investment.
Joshua Harding, CEO of Stable, emphasized, “A complete overhaul of the global payment infrastructure is needed.” CEO Harding stated, “Stable was developed to solve the problems of existing payment systems,” and added, “With Stable, we will leverage the potential of stablecoins like Tether to provide an immediate and seamless payment infrastructure.”
JOON HYOUNG LEE
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