Stable: New L1 Blockchain for Stablecoins Sparks Excitement but Leaves Questions Unanswered

Stable, a new L1 blockchain specifically designed for stablecoins, is set to open a new phase of deposit acceptance tomorrow, November 6, at 14:00 UTC+2. This project, which was virtually unknown just a few weeks ago, has already captured the attention of investors and users due to its ambitious goal: to create a fast, secure, and convenient platform for USDT transactions, where fees are paid directly in the stablecoin itself. Stable positions itself as an innovative network optimized for stablecoins, where USDT transactions will be fast, secure, and paid for in USDT, eliminating the need for volatile tokens to cover fees. Additionally, the project aims to develop its own payment system capable of competing with traditional banking payment systems, integrating features such as transaction batching, built-in stablecoin exchanges, and cross-chain bridges. Among the project's investors are well-known players like USDT0, PayPal, and BitFinex, which lends significant weight to their ambitious plans and signals the seriousness of their intentions.

Two weeks ago, the project faced massive interest when insiders deposited 825 million dollars in stablecoins within minutes, creating a significant buzz in the cryptocurrency community but also raising questions about transparency and fairness. Many users, including the author of this article, planned to invest substantial amounts but later began to doubt due to the lack of clear information about a future airdrop, token sale, project token, the launch timeline of the main network, and expected returns from USDC deposits. Stable plans to integrate features such as stable fees, built-in stablecoin exchanges, and confidential transactions, making it attractive to institutional investors and users seeking efficient payment solutions. However, the lack of detailed information about future benefits and implementation timelines remains a key issue.

Tomorrow, November 6, the project will open a new phase of deposit acceptance with a limit of 500 million dollars, where the minimum deposit amount is 1000 dollars, the maximum is 100,000 dollars within the first hour and 20,000 dollars afterward, and deposits can only be made in USDC on the Ethereum network via the Hourglass platform. After making a deposit, users will need to complete a KYC procedure by Sunday, November 9. Stable has ambitious plans and strong backing, but the lack of transparency regarding key aspects of the project raises concerns, and tomorrow's deposit opening will be a crucial test for the project to see if it can meet market expectations.