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Stable

STABLE · Field entry
PaymentsPayments & moneySmart contractsStablecoins

Governance and staking token of Stable, a blockchain that uses USDT for gas fees

$0.02660.57%Snapshot · October 4, 2026 · updates live
Market cap
$714.76M
24h volume
$8.03M
Rank
#96
Circulating
26.92B STABLE
Max supply
100.00B STABLE
All-time high
$0.0432 May 14, 2026

STABLE price chart

7-day snapshot. Chart data from CoinGecko.

What is Stable?

Stable is a Layer 1 blockchain built for moving stablecoins, mainly Tether's USDT, and it uses USDT itself to pay transaction fees. STABLE is the network's governance and staking token: holders delegate it to validators, vote on upgrades and can receive a share of the gas fees. Tether and PayPal are investors in the project.

Utility Lens

What Stable actually does

Runs a blockchain where people pay fees in USDT, with STABLE used to secure and govern the network.

Real-world usage
earlyThe mainnet is live and processing stablecoin transfers, but it launched less than a year ago.
Token necessity
integralSTABLE secures the network through staking and handles governance, while users pay fees in USDT rather than STABLE.
Decentralization
limitedIt is a young delegated proof-of-stake network, and half of the token supply is allocated to the team and investors.
Track record
newMainnet launched in December 2025; we found no major outages or hacks reported through October 2026.

How we rate

What it’s used for

Users send and settle USDT and PYUSD on Stable without needing a separate gas token. STABLE holders stake to validators, vote on governance proposals and may receive a share of USDT0 gas revenue that validators distribute.

Role of the STABLE token:

staking securitygovernance

Evidence of real use

  • Stable's mainnet went live on December 8, 2025 after a pre-deposit campaign drawing more than $2 billion from over 24,000 wallets; PYUSD was deployed on December 18, 2025. Source
  • STABLE has a fixed supply of 100 billion tokens and secures the network through delegated proof-of-stake, with stakers entitled to a share of USDT0 gas revenue. Source
  • Stable's whitepaper says Tether and PayPal are investors in the project. Source

How Stable works

On most blockchains you must hold a separate token, such as ETH or TRX, to pay fees before you can send stablecoins. Stable removes that step by using USDT, in its USDT0 form, as the native gas asset, so a user who only holds dollars can transact. The chain is compatible with Ethereum software, letting developers reuse existing tools, and it aims for sub-second finality.

Security comes from StableBFT, a delegated proof-of-stake system. STABLE holders delegate tokens to validators, who are elected by stake and produce blocks; the design is meant to keep working even if up to one-third of validators are faulty or offline. Gas fees paid in USDT0 flow to a treasury managed by smart contracts, and validators can share that revenue with the stakers who back them.

STABLE's total supply is fixed at 100 billion: 40% for ecosystem and community, 25% for the team, 25% for investors and advisors, and 10% for a genesis distribution that unlocked at mainnet launch. Team and investor allocations follow a one-year cliff and then vest gradually, so circulating supply is expected to grow. Note that STABLE is not a stablecoin; its price floats.

Key moments

  1. 2025Stable's mainnet goes live on December 8 after a pre-deposit campaign exceeding $2 billion; PayPal's PYUSD is deployed on December 18.
  2. 2026Stable publishes version 2 of its whitepaper describing USDT and PYUSD as the network's main settlement assets.
  3. 2026Team and investor STABLE allocations approach the end of their one-year cliff, after which linear vesting begins.

Supply

STABLE has a fixed supply of 100 billion tokens. The 10% genesis allocation was fully unlocked at mainnet launch, while team and investor allocations (50% combined) unlock after a one-year cliff with linear vesting, and ecosystem funds are released over time. Gas is paid in USDT0, so network use does not burn STABLE.

Risks to understand

  • Unlock risk: large team and investor allocations begin vesting after a one-year cliff, which can add selling pressure.
  • Stablecoin dependence: the network is built around USDT, so problems at Tether or regulatory limits on USDT would directly affect it.
  • Competition: other stablecoin-focused chains, such as Plasma and Circle's Arc, compete for the same payment flows.
  • Young network: a new validator set and codebase carry higher risk of bugs, outages or governance capture.

Stable FAQ

Is STABLE a stablecoin?

No. STABLE is the network's governance and staking token, and its price floats. The stablecoins used on the network are USDT and PYUSD.

Do I need STABLE to send USDT on Stable?

No. Fees are paid in USDT0, so you can transact holding only dollars.

Who is behind Stable?

Stable's whitepaper lists Tether and PayPal among its investors. The project runs its own validator network secured by STABLE staking.

Sources

  1. Stable Whitepaper v2 — Stable
  2. Tokenomics — Stable
  3. Mainnet information — Stable

Last reviewed October 4, 2026 by The Crypto Guide editorial team. Utility Lens ratings are editorial judgments, not investment advice. Market data from CoinGecko. Spot an error? Request a correction.