Stable Labs Raises $28M to Launch First Native USDT Blockchain—Tether Goes Chain-Native

Stable Labs just secured a $28 million war chest to build what crypto skeptics said couldn’t be done: a blockchain born solely for USDT. Move over, Ethereum—Tether’s going solo.

The USDT Power Play

Forget piggybacking on other chains. Stable’s funding round—backed by heavyweights who probably hate gas fees as much as you do—aims to create a dedicated highway for the world’s largest stablecoin. No more rent-paying on third-party Layer 1s.

Why This Isn’t Just Another Sidechain

Native issuance means instant settlements, zero bridge hacks, and a regulatory moat so deep even the SEC might pause before attacking. TradFi banks will spin this as ‘fragmentation’—crypto builders call it ‘not getting rekt by Ethereum’s next congestion crisis.’

The Cynic’s Corner

Let’s be real: $28M barely covers three months of dev salaries in today’s crypto VC bubble. But if Stable delivers? A blockchain where every transaction is literally ‘backed by the full faith and credit of Tether’s lawyers.’ Now that’s a whitepaper we’d read.