Stable mainnet officially launched, uses USDT to pay for gas and issues governance token STABLE

According to ChainCatcher, as reported by The Block, the Layer 1 blockchain Stable, supported by a certain exchange, has officially launched its mainnet StableChain, along with the release of its native governance token STABLE and the independent operating entity Stable Foundation. This network uses USDT issued by Tether as its gas token, with all on-chain transactions settled in USDT.

The total supply of STABLE tokens is fixed at 100 billions, with the following allocation plan:

• 10% for genesis distribution
• 40% allocated to developer grants and ecosystem partnerships
• 25% allocated to the team
• 25% allocated to early investors

The team and investor shares are subject to a one-year lock-up period, followed by linear vesting over four years. The tokens are primarily used for network governance and security maintenance under the Delegated Proof of Stake (DPoS) consensus mechanism and do not serve as a payment function.

According to the project team, the two-phase pre-mainnet deposit campaign attracted over 24,000 wallets, with more than $2.8 billions in funds deposited. Stable Foundation will lead the allocation of the ecosystem fund, community initiatives, and protocol governance, and has already established partnerships with Anchorage Digital, PayPal, and Libeara, a subsidiary of Standard Chartered Bank.