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Stable Mainnet Launches With USDT Gas Fees and STABLE Governance Tokens

The blockchain network, supported by Bitfinex, introduces a fixed 100 billion STABLE token supply for governance and security, following a pre-deposit campaign that drew $2.8 billion from over 24,000 wallets.

USDT

Summary

Stable has launched its mainnet using USDT (Tether stablecoin) for transaction fees and issuing STABLE governance tokens. Backed by Bitfinex, the platform has a fixed supply of 100 billion STABLE tokens intended for network governance and security. A pre-deposit campaign prior to launch attracted more than 24,000 participating wallets and $2.8 billion in deposits.

Terms & Concepts
  • USDT: A U.S. dollar-pegged stablecoin issued by Tether, designed to maintain a 1:1 value with the U.S. dollar for transactions and trading.
  • Governance Token: A type of cryptocurrency that grants holders the right to participate in decision-making processes affecting a blockchain network.
  • Mainnet: A fully operational blockchain network where actual transactions take place, as opposed to a test environment.