DeFi Daily News
Saturday, August 30, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi NFT

rewrite this title and make it good for SEO Bitfinex and Hack VC Co-Lead $28M for Tether-Focused Layer 1, Stable – NFTgators

Nicholas Kitonyi by Nicholas Kitonyi
July 31, 2025
in NFT
0 0
0
rewrite this title and make it good for SEO Bitfinex and Hack VC Co-Lead M for Tether-Focused Layer 1, Stable – NFTgators
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

Quick take:

Stable is building a layer-1 blockchain designed for stablecoins, with a specific focus on Tether’s USDT.

It aims to eliminate the pain points caused by using composable blockchains for stablecoin transactions, including high fees and long confirmation times.

The announcement comes barely two weeks after President Trump signed into law the highly anticipated GENIUS Act, which provides clarity for stablecoins regulation.

Stable, a layer-1 blockchain designed for stablecoins, with a specific focus on Tether’s USDT, on Thursday said it raised $28 million in a seed round co-led by Bitfinex and Hack VC. The fundraising also attracted participation from Franklin Templeton, eGirl Capital, Mirana, Castle Island Ventures, Susquehanna International Group, Nascent, and Blue Pool Capital.

The fundraising was structured as a simple agreement for future equity (SAFE) and token warrants, according to the report by The Block.

The company plans to use the capital to accelerate the development of Stablechain, its layer-1 blockchain, which aims to eliminate the pain points caused by using composable blockchains for stablecoin transactions, including high fees and long confirmation times.

Stable believes stablecoins, and especially Tether, are the future of on-chain payments. 

The announcement also comes just two weeks after President Trump signed the highly anticipated stablecoin-focused GENIUS Act into law. The GENIUS Act provides clarity for stablecoin regulation and a framework for banks to build infrastructure for digital payments. 

“It is clear that the U.S. is undergoing a complete 180 in terms of its approach to digital assets and stablecoins, moving from the ‘enforcement by lawsuit’ approach under the previous administration towards providing clear rules of the road for institutions,” said Paolo Ardoino, CEO of Tether and CTO of Bitfinex. “Now, major financial institutions and banks will be able to fully unleash the power behind assets like USDT.”

Incubated by Bitfinex, Stable said it started raising the funds in June, with the round closing in July. Braintree’s Bryan Johnson and Iconiq Capital’s Divesh Makan are among those joining the company as angel investors and advisors. 

Stable is not the only Web3 company building a blockchain focused on stablecoins. Bitcoin-based Plasma is another that shares the same views about using composable blockchains for stablecoin transactions. It recently raised $373 million in an oversubscribed token sale. Plasma also counts Bitfinex among its backers.

Stay on top of things:

Subscribe to our newsletter using this link – we won’t spam!

Follow us on X and Telegram.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 28MBitfinexCoLeadGoodhackLayerNFTgatorsrewriteSEOStableTetherFocusedtitle
ShareTweetShare
Previous Post

rewrite this title ITT Inc. (ITT) Q2 2025 Earnings Call Transcript

Next Post

rewrite this title Stablecoin Infrastructure Surpasses Visa Performance As Alchemy’s New Blockchain Engine Powers 70% Of The Market

Next Post
rewrite this title Stablecoin Infrastructure Surpasses Visa Performance As Alchemy’s New Blockchain Engine Powers 70% Of The Market

rewrite this title Stablecoin Infrastructure Surpasses Visa Performance As Alchemy’s New Blockchain Engine Powers 70% Of The Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Jared Kushner Nears Deal to Purchase Ownership Stake in Phoenix

Jared Kushner Nears Deal to Purchase Ownership Stake in Phoenix

July 15, 2024
zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

September 17, 2024
rewrite this title Falcon Finance Launches On-Chain Insurance Fund With M Initial Capital

rewrite this title Falcon Finance Launches On-Chain Insurance Fund With $10M Initial Capital

August 28, 2025
Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

August 3, 2025
Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

July 16, 2024
I stumbled upon a Duolingo hack, and now I regret it

I stumbled upon a Duolingo hack, and now I regret it

October 12, 2024
rewrite this title An inside look at how Netflix’s use of data led to generic “algorithm films” intended for broad appeal, with AI set to further entrench the production style (Phil Hoad/The Guardian)

rewrite this title An inside look at how Netflix’s use of data led to generic “algorithm films” intended for broad appeal, with AI set to further entrench the production style (Phil Hoad/The Guardian)

August 30, 2025
rewrite this title Howe drops Alexander Isak hint after Leeds draw with Newcastle still active in transfer market

rewrite this title Howe drops Alexander Isak hint after Leeds draw with Newcastle still active in transfer market

August 30, 2025
rewrite this title Box Office Update: Jaws is eating the competition on a slow Labor Day weekend

rewrite this title Box Office Update: Jaws is eating the competition on a slow Labor Day weekend

August 30, 2025
rewrite this title Bitcoin Home Invasion Ringleader Gets More Prison Time for Beating Witness – Decrypt

rewrite this title Bitcoin Home Invasion Ringleader Gets More Prison Time for Beating Witness – Decrypt

August 30, 2025
rewrite this title with good SEO Crypto Tumbles Hard: Google Search Trends Call Last Local Market Top

rewrite this title with good SEO Crypto Tumbles Hard: Google Search Trends Call Last Local Market Top

August 30, 2025
rewrite this title El Salvador Secures 8M Bitcoin Reserve in 14 Wallets to Guard Against Quantum Hacking Threat

rewrite this title El Salvador Secures $678M Bitcoin Reserve in 14 Wallets to Guard Against Quantum Hacking Threat

August 30, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.