Stable (STABLE) Exchange

About Stable

STABLE is the governance and staking token of Stable, a dedicated Layer-1 blockchain launched on mainnet on December 8, 2025, built by the teams behind Bitfinex and Tether specifically for stablecoin settlement at scale. A pre-deposit campaign before the launch attracted more than $2 billion in USDT from over 24,000 wallets, according to the Stable whitepaper. STABLE holders stake tokens to secure the network via delegated proof-of-stake (StableBFT consensus) and earn USDT-denominated rewards from collected gas fees — STABLE itself is not used for payments, as all transactions on Stable settle in USDT0 (LayerZero's omnichain USDT).

STABLE tokenomics

STABLE has a fixed maximum supply with no inflationary emissions. All staking rewards come from USDT gas fees collected in a protocol vault and distributed to validators and their delegators.
Hard cap — 100,000,000,000 STABLE; no new tokens can be minted and no inflationary emissions are planned, per the official Stable tokenomics documentation at docs.stable.xyz
Circulating supply — approximately 27.05 billion STABLE (about 27% of the total) as of October 2026, according to CoinGecko
Initial unlock — 8% of total supply (8 billion STABLE) unlocked at mainnet launch on December 8, 2025
Team allocation — 25% of total supply subject to a 1-year cliff and 4-year linear vesting schedule
Investor allocation — 25% of total supply (early investors including Bitfinex, Hack VC, Franklin Templeton, PayPal Ventures, Castle Island Ventures) subject to the same 1-year cliff and 4-year vesting, according to theblock.co
Developer grants and partnerships — 40% of total supply allocated for ecosystem development, validator and staking rewards, and protocol partnerships
Genesis distribution — 10% allocated to bootstrap liquidity, airdrops, exchange listings, and early community incentives
Staking rewards — paid in USDT0 from network gas fee revenue; the reward rate reflects actual network usage, not a fixed emission schedule
Valuation — market capitalization of about $688 million and fully diluted valuation of about $2.54 billion as of October 2026, according to CoinGecko; unlocks continue on a published schedule, and CoinMarketCap and RootData reported a token unlock on October 8, 2026

What determines STABLE's value

Stable's fee revenue model connects STABLE staking yields to the volume of USDT transactions settled on-chain: every stablecoin transfer or payment routed through Stable generates USDT0 gas fees distributed to STABLE stakers. STABLE offers infrastructure-layer exposure to stablecoin usage, with backing from PayPal Ventures and Franklin Templeton alongside the Bitfinex and Tether connection.

The primary near-term risk is supply dilution: about 73% of total supply was not yet in circulation as of October 2026, and the one-year cliff for team and investor allocations ends on December 8, 2026, so circulating supply faces expansion pressure. Direct competitors in dedicated stablecoin payment infrastructure include Tempo (Stripe-backed) and Arc (Circle-backed), each with its own institutional distribution advantages.